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Exchange News - A new transfer of funds towards Tornado Cash from the wallet associated with the 2021 Uranium Finance exploit was detected.
- The Uranium Finance attack saw approximately $50 million affected.
In March, a wallet address 0x59d7…D69 connected with Uranium Finance exploit started moving 2,250 ETH, worth approximately $3.35 million, in stolen funds into the popular crypto mixer, TornadoCash.
Earlier on March 7, the blockchain security firm, PeckShield detected the movement of funds from the wallet.
On April 28, 2021, Uranium Finance experienced a significant exploit. The attackers specifically targeted the token migration event of its v2.1 and exploited the project’s balance modifier. As a result, approximately $50 million worth of funds were drained from the protocol, which operates on the Binance Smart Chain.
Following the exploit, allegations of a rug pull emerged, despite the team maintaining their innocence in the matter. Shortly after the incident, Uranium Finance made the decision to halt the development of v3 and officially announced a complete shutdown. The project’s final post conveyed this information to the community.
