Monkey Drainer Scam Money Routed to Tornado Cash
It is reported that according to CertiK monitoring, the EOA account address (0x933f…) has transferred the funds to Tornado Cash. The EOA wallet is related to…
It is reported that according to CertiK monitoring, the EOA account address (0x933f…) has transferred the funds to Tornado Cash. The EOA wallet is related to the Monkey Drainer phishing scam. So far, a total of 21 ETHs (about US $354 million) have been transferred to Tornado Cash.
EOA “0x933f” account address has transferred funds to Tornado Cash
Interpretation of the news:
The cryptocurrency market is a fertile ground for fraudsters and scammers looking to make quick bucks off unsuspecting investors. In recent years, phishing scams have become a common way of fleecing crypto holders of their hard-earned assets. One such scam is the Monkey Drainer phishing scam, which apparently has transferred its ill-gotten gains to Tornado Cash.
According to CertiK monitoring, the EOA account address (0x933f…) associated with the Monkey Drainer phishing scam has moved funds worth 21 ETHs (about US $354 million) to Tornado Cash. EOA (Externally Owned Accounts) are non-contract accounts representing an individual or entity that can execute transactions on the Ethereum network. In this case, the EOA is related to the Monkey Drainer scam, which has been active since 2020.
Tornado Cash, on the other hand, is a privacy-focused decentralized app (dApp) that enables users to send and receive anonymous transactions on the Ethereum network. It works by breaking the connection between the sender’s and recipient’s addresses, making it virtually impossible to trace the transactions. As a result, it has become a preferred tool for money launderers and crypto scammers looking to cover their tracks.
It is worth noting that Tornado Cash is not directly responsible for the illicit transfers made by the Monkey Drainer scam. The dApp is designed to provide privacy and anonymity to its users, and it cannot control how they use its service. However, the fact that scammers have found a convenient tool to launder their stolen funds highlights the need for more robust measures to combat crypto-related crimes.
In conclusion, the transfer of funds from the Monkey Drainer phishing scam to Tornado Cash is another reminder that crypto scams are rampant in the industry. Investors must be vigilant and cautious, especially when dealing with unknown addresses and websites. Meanwhile, regulators and law enforcement agencies must continue to develop strategies to curb crypto-related crimes and protect investors’ interests.
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