In a stunning turn of events, hackers attempting to exploit the Binance network have been thwarted by Tornado Cash, a decentralized privacy solution. According to a report by Peckshield, one of the attackers attempted to exploit the network multiple times, ultimately transferring around 3,000 BNB to Tornado Cash.
However, the hackers did not get away with their full haul. In an unprecedented move, they returned approximately $1,685 worth of BNB to some of the victims. While the contract responsible for the hack has not been verified, Peckshield suspects that the root cause of the issue was a wild allowance at the expense of innocent users.
In response to the incident, Peckshield has advised Binance users to revoke their allowance to 0x6D8981847Eb3cc2234179d0F0e72F6b6b2421a01, the address implicated in the hack. This advice is especially important given the rising number of crypto-related crimes that have plagued the industry in recent years.
In a related development, a major hacking incident unfolded in the crypto space only a few days ago. Over $200 million in crypto assets were counter-hacked by the entities responsible for the Wormhole bridge exploit, one of the largest hacks in the industry’s history.
The assets, which included 3,213 RETH and 120,695 WSTETH worth around $198 million at the time of the attack, were taken out of the hands of the Wormhole exploiter and into the control of wallets belonging to Jump Trading.
This move is significant because Jump Trading is the parent company of Wormhole, and had announced its intention to replace the stolen assets when the attack first occurred in 2022.
While Jump Trading has not publicly commented on the counter-exploit, the incident highlights the inherent risks involved in investing in cryptocurrency. As the industry continues to mature, it will be important for users to remain vigilant and take steps to protect their assets from theft and exploitation.
