Tornado Cash Used for Crypto Laundering in Bitrue Heist

A recent high-profile cryptocurrency heist involving the Bitrue exchange has shed light on the use of privacy tools like Tornado Cash to obscure illicit funds. The stolen $23 million was used to purchase Ether (ETH) and convert it into DAI, a stablecoin pegged to the US dollar. This activity was followed by an attempt to launder the funds using Tornado Cash, a decentralized mixing service on Ethereum, potentially aiming to evade law enforcement investigation.