{"id":33974,"date":"2024-07-10T14:40:02","date_gmt":"2024-07-10T14:40:02","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/wallets-linked-to-coinstats-exploit-transfer-311-eth-to-tornado-cash\/"},"modified":"2024-07-10T14:40:02","modified_gmt":"2024-07-10T14:40:02","slug":"wallets-linked-to-coinstats-exploit-transfer-311-eth-to-tornado-cash","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/wallets-linked-to-coinstats-exploit-transfer-311-eth-to-tornado-cash\/","title":{"rendered":"Wallets linked to CoinStats exploit transfer 311 ETH to Tornado Cash"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/15_Tornado-Cash-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/15_Tornado-Cash-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/15_Tornado-Cash-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/15_Tornado-Cash-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>CertiK has revealed that two CoinStats exploit wallets have moved 311 ETH ($959K) to Tornado Cash.<\/li>\n<li>CoinStats breach on June 22 affected 1,590 wallets after AWS was hacked via social engineering.<\/li>\n<li>CoinStats resumed full operations on July 3 amid intense investigations.<\/li>\n<\/ul>\n<p>Blockchain security firm CertiK has <a href=\"https:\/\/x.com\/CertiKAlert\/status\/1810640205092626544\">revealed<\/a> that two wallets linked to the recent <a href=\"https:\/\/coinjournal.net\/news\/coinstats-review-its-pros-cons-and-how-it-works\/\">CoinStats exploit<\/a> transferred 311 ETH, worth about $959,000, to Tornado Cash.<\/p>\n<p>The <a href=\"https:\/\/coinjournal.net\/news\/coinstats-temporarily-shuts-down-advises-users-to-transfer-their-funds\/\">security breach<\/a>, which occurred on June 22, affected 1,590 crypto wallets managed by CoinStats resulting in the company promptly suspending user activity and shutting down the application to isolate the security incident.<\/p>\n<h2>CoinStats still conducting investigations into the incident<\/h2>\n<p>Since the breach, CoinStats has been taking significant steps to secure its platform.<\/p>\n<p>On June 30, the company announced that it was optimizing its transaction database and transitioning to a new platform aimed at enhancing efficiency and reliability. It also said that upgrades and audits were underway to bolster the security of their systems.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Quick updates! Currently, we&#8217;re focused on:<\/p>\n<p>\u2013 Optimizing our transaction database and migrating to a more robust platform for improved efficiency and reliability.<\/p>\n<p>\u2013 Enhancing our security systems with upgrades and audits to ensure top-notch data protection.<\/p>\n<p>\u2014 CoinStats (@CoinStats) <a href=\"https:\/\/twitter.com\/CoinStats\/status\/1807433585130918018?ref_src=twsrc%5Etfw\">June 30, 2024<\/a><\/p>\n<\/blockquote>\n<p>After a period of intense scrutiny and effort to address the vulnerabilities, the company on July 3 announced that its app had recovered full functionality.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">All functionalities on CoinStats are now fully recovered and functional.<\/p>\n<p>Thank you for your patience and support! \ud83e\udd1d<\/p>\n<p>\u2014 CoinStats (@CoinStats) <a href=\"https:\/\/twitter.com\/CoinStats\/status\/1808575021306036288?ref_src=twsrc%5Etfw\">July 3, 2024<\/a><\/p>\n<\/blockquote>\n<p>The <a href=\"https:\/\/x.com\/CoinStats\/status\/1808957954672005152\">most recent update from CoinStats<\/a>, as of today, stated that the investigation is ongoing.<\/p>\n<p>The firm is committed to ensuring that its new infrastructure is robust and secure, promising to share additional information, including victim support measures, soon.<\/p>\n<h2>Movement of funds to Tornado Cash raises alarm<\/h2>\n<p>Even as the investigations continue, the movement of 311 ETH by the exploiters to Tornado Cash by the exploited wallets has raised alarm bells.<\/p>\n<p>Tornado Cash, a cryptocurrency mixing protocol, anonymizes transactions by combining identifiable funds with many others, making it a favored tool for laundering illicit gains.<\/p>\n<p>CertiK\u2019s report highlighted that one wallet transferred 211 ETH, while another sent 100 ETH to the mixer.<\/p>\n<p>The community has reacted strongly to the breach, with some users reporting significant losses. One wallet allegedly lost almost $9 million in Maker (MKR), underscoring the severe impact of the exploit.<\/p>\n<p>However, CoinStats has been transparent in its communication, detailing the steps taken to mitigate the attack and improve security.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/wallets-linked-to-coinstats-exploit-transfer-311-eth-to-tornado-cash\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) CertiK has revealed that two CoinStats exploit wallets have moved 311 ETH ($959K) to Tornado Cash. CoinStats breach on June 22 affected 1,590 wallets after AWS was hacked via social engineering. CoinStats resumed full operations on July 3 amid intense investigations. [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":33975,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33974"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=33974"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33974\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/33975"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=33974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=33974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=33974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}