The hackers behind the renowned Sillytuna exploit have reportedly started shifting exploited funds and laundering them. In this respect, the Sillytuna attackers have moved more than $10M across diverse services and chains. As per the data from Arkham Intelligence, the hackers are attempting to obscure the origins of the funds with these shiftings. Specifically, the early movements take into account $DAI and $BTC.
Sillytuna Attackers Bolster Crypto Laundering by Moving $10M to Exchanges and Mixers
The on-chain data points out that the Sillytuna attackers have shifted a substantial $10M for crypto laundering. These fund movements include DAI ($DAI), Bitcoin ($BTC), and Ethereum ($ETH), with hackers attempting to obscure the tracks of the funds to launder them. Particularly, they have utilized centralized crypto entities and mixers for this purpose. $1.08M in $BTC linked to the hack has already stepped into a Bitcoin mixing solution, a usual tactic that malicious actors leverage to make traceability difficult.
In the meantime, a $900,000 in the $DAI stablecoin has been swapped into $USDT as well as deposited into BitKan, an entity famous for routing crypto trades through diverse liquidity pools of several partner exchanges. The respective multi-exchange routing increases the difficulty in tracking funds, making it more complex. Keeping this in view, the Sillytna attackers are now accelerating their crypto funds laundering strategy.
Exploiters Still Hold $19M in Stolen Funds
According to Arkham, the Sillytuna attackers are aggressively shifting and laundering funds, with $10M already moved. The development highlights a notable rise in crypto theft as well as laundering activities. Even then, a $19M amount is still in the wallets of the hackers. However, they are expected to continue offloading these funds via further off-ramps, cross-chain transfers, and swaps.
