Unizen Hack Update: $2 Million Laundered Through Tornado Cash

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI


The recent breach of Unizen in March 2024 resulted in a hacker successfully laundering over $2 million using the Tornado Cash mixer. According to cybersecurity experts at Peckshield Alerts, the attacker managed to launder 865.4 ETH, equivalent to approximately $2.16 million, from the exploited wallet. This illicit activity took place 151 days after the initial breach, which stemmed from an 'approve issue' on Unizen's platform, leading to a $2.1 million loss. Despite numerous attempts to recover the funds from the hacker, all efforts have been futile as the hacker has not engaged with the team. The laundering process began with the transfer of 2,179,859 DAI from the exploited wallet to another unidentified punk wallet labeled as '0X866...84d7.' Subsequently, the laundered DAI was converted to ETH on Uniswap before being funneled through Tornado Cash in 26 transactions, effectively concealing the funds and leaving the exploiters with significant gains.

The March 2024 Breach

The security breach that occurred on March 9, 2024, exploited the 'approve issue' vulnerability within Unizen's platform, resulting in a $2.1 million loss primarily in USDT, which was later exchanged for DAI. PeckShield identified the vulnerability and alerted Unizen; however, the damage had already been done by the time the notification reached the platform. Unizen made several attempts to communicate with the hacker, urging them to return the stolen assets and even offering to increase the bounty reward by 20%. Regrettably, the hacker remained unresponsive to the requests for asset return. The parallels between the Unizen breach and the Nomad Bridge hack highlight the vulnerability of platforms to cyberattacks. The Nomad Bridge incident, which occurred in August 2022 and saw a $200 million breach, emphasizes the critical importance of consistently enhancing security protocols. The hacker in both cases demonstrated strategic moves by capitalizing on the stolen funds to purchase numerous ETH after the incidents.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

CZ Calls Out Elon Musk Amid Binance Hack

Changpeng Zhao, co-founder of Binance, publicly addressed Elon Musk after his mocking response to a significant hack affecting the exchange.

user avatarMaria Fernandez

RUNE Price Surges Amid Ongoing Investigations into Stolen Cryptocurrency

RUNE's price increased from a local low of 0.59 to approximately 0.67 as investigations into stolen cryptocurrency movements through decentralized platforms, including THORChain, intensified.

user avatarGustavo Mendoza

Trezor Issues Urgent Security Warning for Safe 5 Wallets

Trezor has issued a security warning to customers who purchased Safe 5 hardware wallets through the Southeast Asian reseller CryptoBilis since March 2026, advising them to transfer their cryptocurrency to a newly generated wallet due to a potential hidden cellular implant.

user avatarRajesh Kumar

MEXC Introduces Canton 0Fee Carnival for Traders

MEXC has launched the Canton 0Fee Carnival, enabling users to trade CC spot and futures pairs without fees from October 30 to November 30, 2026, and participate in a prize pool of 1 million.

user avatarMiguel Rodriguez

XRP Ledger Foundation Clarifies Proposal's Routine Nature

The XRP Ledger Foundation clarifies that proposed changes to the token approval process are routine improvements and unrelated to any security incidents.

user avatarLuis Flores

XRP Ledger Developers Propose Tighter Token Approval Controls

XRP Ledger developers propose amendments for stricter token approval controls to enhance protocol safeguards and ensure consistent application of approval requirements.

user avatarArif Mukhtar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.