Balancer Hacks: $6.36 Million Laundered via Tornado Cash

Two thousand Ethereum (ETH), valued at $6.36 million, were illegally laundered through the Tornado Cash mixer following a Balancer hack on November 15th. This act raises significant concerns for the decentralized finance (DeFi) sector, highlighting its vulnerability to illicit activity and jeopardizing asset recovery efforts. The hackers bypassed traditional avenues of compromise, using Tornado Cash to obfuscate their ill-gotten gains. Consequently, any chance of securing the stolen funds through white-hat negotiation was extinguished.