Key Takeaways
- The Concord hacker is at the moment sending a few of their stolen ETH via Twister Money.
- Already $12 million have been routed via the privacy-enabling protocol; the hacker is at the moment sending 100 ETH each six minutes.
- About $100 million had been stolen from Concord’s Horizon bridge final week by the attacker.
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The Concord attacker is sending 100 ETH to the Twister Money router each six minutes and has already combined greater than $12 million via the protocol.
100 ETH Each Six Minutes
The Concord attacker is beginning to ship their tokens via Twister Money.
As proven by Etherscan, the wallet accountable for final week’s Concord exploit sent a little bit greater than 18,036 ETH (a sum value north of $21 million at immediately’s costs) to a secondary pockets. That secondary wallet then evenly cut up the sum between three tertiary wallets; on the time of writing, two of those tertiaries have sent ETH to a Twister Money router.
Concord’s Horizon bridge was exploited final week for greater than $100 million in varied tokens together with FRAX, FXS, wETH, wBTC, AAVE, SUSHI, USDT, and BUSD; these had been all swapped on Uniswap for ETH.
That sum is now being routed via Twister Money in installments of 100 ETH. On the time of writing 10,409 ETH (greater than $12 million) had already been combined within the privacy-enabling protocol. New 100 ETH transactions are occurring roughly each six minutes.
Twister Money is an Ethereum protocol that leverages zero-knowledge expertise to permit customers to interrupt the hyperlinks of their on-chain exercise. If used accurately, the protocol makes it inconceivable to trace down transactions from one pockets to a different.
The protocol has been utilized by hackers up to now to money in on their ill-acquired beneficial properties. Knowledge from Nansen signifies that the Concord exploiter, whereas having solely despatched about 12% of their loot to Twister Money, is already the fifth-biggest malicious consumer of the protocol (behind the Ronin, Fei, Beanstalk, and Parity exploiters).
Two days in the past Concord had offered the Horizon bridge hacker a $1 million bounty for returning the stolen funds, with the promise of not advocating for felony prices in the event that they selected to cooperate. Different protocols have paid out even larger bounties up to now, with Aurora lately rewarding a white-hat hacker $6 million for detecting a potential exploit and notifying the staff about it.
Disclosure: On the time of writing, the writer of this piece owned ETH and several other different cryptocurrencies.
