UwULend Attacker Transfers 340 ETH to Tornado Cash

According to BlockBeats, on June 22, the attacker of UwULend transferred 340 ETH to Tornado Cash, which is approximately worth 1.2 million USD. The transfer has raised concerns in the cryptocurrency community, as it could potentially indicate a move to launder the stolen funds. Tornado Cash is a privacy-focused Ethereum mixing service that is often used to obscure the origins of cryptocurrency transactions. The UwULend attacker's use of this service could make it more difficult for authorities to trace the stolen funds. However, it is important to note that the use of such services is not inherently illegal and can also be used for legitimate privacy reasons. The incident underscores the ongoing security challenges faced by cryptocurrency platforms and the need for users to exercise caution when engaging in transactions.