Home

$29M SUI Hack: Funds Moved to Ethereum and Tornado Cash

247 Author News

News

$29M SUI Hack: Funds Moved to Ethereum and Tornado Cash

SUI Price Smashed a New ATH—Can the Bulls Escalate the Levels Beyond $10 as $5 Remains Activate for 2024

The post $29M SUI Hack: Funds Moved to Ethereum and Tornado Cash appeared first on Coinpedia Fintech News

On December 12, 2024, hackers stole $29 million worth of SUI tokens from a victim’s wallet, as reported by blockchain investigator ZachXBT. The stolen tokens were quickly moved to Ethereum using a bridge and then sent to Tornado Cash, a platform often used to hide transaction details. This made it very hard to trace the funds. Tracking the theft has become even more difficult due to the limited features of the Sui blockchain’s explorer. The incident has raised serious concerns about the safety of crypto wallets and the challenges of following stolen funds in decentralized systems.

Latest Press

3 hours ago

$100M in Shorts Suggest Solana (SOL) May Not Cross $235: Report

The post $100M in Shorts Suggest Solana (SOL) May Not Cross $235: Report appeared first on Coinpedia...

3 hours ago

Bitcoin’s Next Move: A Final Leg Up or Just the Beginning? Analyst Weighs In

Bitcoin is showing signs of a gradual recovery following its earlier pullback. After dipping below t...

default post thumbnail

3 hours ago

Memecoins To Mature By 2030? CEO Sees Stability On The Way

The so-called memecoins, initially dismissed as something of a passing internet joke, now seem to ha...

default post thumbnail

3 hours ago

XRP Bulls Shake Off Crash, Target This Major Resistance On The Road To $3.85

After facing a significant crash to $3.7, XRP bulls are making a strong comeback, attempting to brea...

default post thumbnail

3 hours ago

Dogecoin Whales Accumulate 450 Million DOGE During Recent Price Dip – Time For A Breakout?

Dogecoin (DOGE) has faced intense selling pressure since January 18, when it hit a local high of $0....

default post thumbnail

3 hours ago

This XRP Competitor Could Jump From $0.005 to $5 Before Stellar (XLM), Analysts Claim

Lightchain AI, a rising competitor to XRP, has already raised $13.2 million at a presale price of $0...

default post thumbnail

3 hours ago

Top Crypto Coins for the Future: Traders Bet Big on BlockDAG, Solana, Ethereum & Polkadot as They Lead the Market!

The strong performance of cryptocurrencies in 2024 has led to a flood of altcoins in the market, lea...

default post thumbnail

3 hours ago

Driving Innovation at the Intersection of Agentic AI and Cryptocurrency: Exclusive Interview with Jan Petreckij

The cryptocurrency market is undergoing a paradigm shift, driven by the emergence of agentic AI. Thi...

default post thumbnail

3 hours ago

Cardano Forms Bullish Divergence, Solana Loses Key Level, Lightchain AI Targets $1

The cryptocurrency market is buzzing with activity as Cardano (ADA) shows signs of recovery, forming...

default post thumbnail

3 hours ago

The Crypto Revolution- Why This Small Cap Coins Are the Future of Millionaire Investments

The cryptocurrency market continues to open new doors for wealth creation, with small-cap coins draw...

Publish an article now

Unlock the power of media for instant visibility to the target audience, major SEO boost, greater website traffic and conversion rates.

click here to get started