In a surprising on-chain message last night, the notorious Euler Finance exploiter sent a congratulatory note to the Penpiexyz hacker.
The message read: “Good job, bro. Haven’t seen a hack like this in a while. Glad you kept all the money and didn’t let them get a dollar back. You won, they lost.”
🚨UPDATE🚨Last night, the @eulerfinance exploiter
sent an on-chain message to @Penpiexyz_io exploiter
at https://t.co/Eq4FhIcJqN'Good job, bro. Haven’t seen a hack like this in a while. Glad you kept all the money and didn’t let them get a dollar back. You won, they lost.' 👀… https://t.co/zFX85sK9A9 pic.twitter.com/FasOTh7yUW
— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) September 6, 2024
The Euler Finance hacker had previously stolen $197 million in March 2023, but eventually returned the funds. In contrast, the Penpiexyz exploiter has refused to give back the $27.3 million they stole, opting instead to deposit it into Tornado Cash, a privacy-focused platform often used to launder stolen crypto.
The #EulerFinance Exploiter sent #Penpiexyz Exploiter a "Good job" message!#EulerFinance Exploiter stole $197M in March 2023 and returned it.
But #Penpiexyz Exploiter did not return the $27.3M they stole and deposited it into https://t.co/11PfRBP2j2.https://t.co/DSnWr3FngK pic.twitter.com/goZq7JzBax
— Lookonchain (@lookonchain) September 6, 2024
Over the past three days, a total of 17,800 ETH (worth $42.7 million) has been deposited into Tornado Cash by three different hackers. The Penpiexyz hacker is responsible for the largest chunk, having deposited 9,600 ETH (around $23 million) into the platform..
3 Hackers deposited 17,800 $ETH($42.7M) into https://t.co/11PfRBP2j2 in the past 3 days!#Penpiexyz Exploiter deposited 9,600 $ETH($23M) to https://t.co/11PfRBP2j2.#WazirX Exploiter deposited 7,200 $ETH($17.3M) to https://t.co/11PfRBP2j2.
The hacker who stole $42M from… pic.twitter.com/4RK63VfrCL
— Lookonchain (@lookonchain) September 6, 2024
Meanwhile, the WazirX exploiter, who previously hacked the cryptocurrency exchange, deposited 7,200 ETH (roughly $17.3 million) into Tornado Cash. Additionally, the hacker who stole $42 million from Bo Shen, the founder of Fenbushi Capital, moved 1,000 ETH (approximately $2.4 million) to Tornado Cash.
These large-scale movements of stolen crypto highlight the ongoing challenges the industry faces in dealing with hackers and the use of privacy platforms like Tornado Cash to obscure illicit activities. While some hackers, like the Euler Finance exploiter, choose to return stolen funds, others, like the Penpiexyz and WazirX hackers, are using Tornado Cash to cover their tracks and keep the funds out of reach.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.