The notorious hacker, who breached the Ronin Network for one of the largest heists in crypto history, has transferred over $60 Million worth of Ether over the past week through Tornado Cash.
Tornado Cash is a privacy protocol that obfuscates transaction activity by breaking the on-chain link between the source and destination addresses. The protocol has been heavily misused by crypto thieves of late and was at the forefront of the infamous $280 Million KuCoin hack in 2020.
As per Etherscan, the Ronin hacker routed several batches of 100 Ether through Tornado Cash and distributed them into separate wallets. Overall, a total of 8,653 Ether left the hacker’s main account over the past two days. The latest transfer amount of 3,202 Ether was made less than 2 hours ago from the time of publication. Currently, the main wallet holds more than $460 Million worth of Ether after the recent transfers.
Sky Mavis Announces $1 Million Bounty Program
In an eager attempt to safeguard the system from future thefts, the creator of Axie Infinity, Sky Mavis, announced a $1 Million bounty program. Under the program, ‘whitehat hackers’ are incentivized to dig out ‘vulnerabilities’ associated with the network’s blockchain, smart contracts, and apps. The more severe a potential vulnerability is, the greater the reward.
Blockchain rewards carry the largest reward weightage, ranging from $1,000 for “low” risk findings to $1,000,000 for “fatal” ones.
Last month, the crypto community was rocked after a hacker exploited the Ronin network and made off with $625 Million worth of Ether. The Ronin bridge is an Ethereum-linked sidechain used for the blockchain game Axie Infinity.