An Ethereum address connected to an exploit of the decentralized exchange Raydium laundered $2.7 million in ether (ETH) through the privacy tool Tornado Cash, according to security firm CertiK.
In December, Raydium, a decentralized exchange built on the Solana blockchain, was hacked for over $4.4 million in various assets.
The hacker was able to withdraw Raydium’s liquidity pool tokens into their control after compromising the admin account keys powering Raydium’s smart contracts. The hacker later moved the stolen funds to Ethereum.
More than a month after the incident, an address labeled by Etherscan as the exploiter of Raydium transferred $2.7 million in stolen assets to Tornado Cash.
Hackers often use Tornado Cash to obscure the transaction history of stolen assets.
Tornado Cash has been in the spotlight since last year for being sanctioned by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC).
Following the sanctions, all U.S.-based individuals and entities are prohibited from interacting with the app due to its potential for money laundering. However, it continues to be widely used by hackers of decentralized finance protocols.
