On July 17, 2025, the Infini hacker utilized Tornado Cash to launder 3,000 ETH, once again highlighting vulnerabilities in digital financial platforms.
Immediate Implications of the Incident
The Infini hacker laundered 3,000 ETH through Tornado Cash after previously losing 1,770 ETH, equivalent to approximately $5.9 million DAI. This incident raises concerns about cryptocurrency laundering using mixer services. Infini had already suffered a breach of $49.5 million in February, and the repeated use of Tornado Cash underscores ongoing security challenges.
Impact on Ethereum Price
Amid increasing legal scrutiny over mixing platforms, the price of Ethereum (ETH) has shown a significant increase and currently stands at $3,460.55 with a market capitalization of $417.74 billion, marking a 9.15% increase over the past 24 hours. The circulating supply is at 120.71 million, indicating a strong market presence.
Calls for Enhanced Regulation
Tornado Cash is once again under scrutiny from regulators, emphasizing the call for stricter controls on platforms that facilitate money laundering. The ongoing trial against Tornado Cash developers in the U.S. highlights the increasing pressure on related sectors to implement more robust anti-laundering measures. 'Despite public assurances otherwise, Tornado Cash has repeatedly failed to impose effective controls,' noted Brian E. Nelson, Under Secretary for the U.S. Treasury.
The Infini incident underscores the need for the development of stringent norms and security measures within the cryptocurrency industry. As cases of cryptocurrency laundering continue to increase, collaboration among industry participants is essential to bolster trust and stabilize markets.
