<\/p>\n
A hacker has started laundering digital assets that were part of the $6.7 million theft from the liquidity provider TrustedVolumes, says cybersecurity firm PeckShield.<\/p>\n
PeckShield says<\/a> that new data shows the hacker has started moving hundreds of thousands of dollars worth of Ethereum (ETH<\/a>).<\/p>\n \u201cThe TrustedVolumes exploiter has laundered $278,000 in stolen funds so far: they deposited 10.2 ETH ($23,600) to TornadoCash and laundered 110 ETH ($250,000) via THORChain to BTC; they also attempted to deposit 0.5 ETH to Railgun but changed their mind and sent it back. TrustedVolumes was exploited for ~$6.7 million on May 7th.\u201d <\/em><\/p>\n TrustedVolumes says<\/a> that it is willing to negotiate a resolution with the hacker. The firm also lists three wallet addresses with two holding approximately $3 million and one $700,000 worth of the stolen crypto assets.<\/p>\n \u201cWe were recently exploited\u2026<\/em><\/p>\n We are open to constructive communication regarding a bug bounty and a mutually acceptable resolution.\u201d <\/em><\/p>\n Blockchain security firm QuillAudits says<\/a> that the hacker was able to drain millions in a single transaction by exploiting a design flaw in the platform\u2019s custom order-settlement system.<\/p>\n \u201cTrustedVolumes operates as a 1inch market maker and resolver, providing on-chain liquidity through a custom Request-for-Quote (RFQ) proxy\u2026 <\/em><\/p>\n In an RFQ model, a maker pre-signs orders, quoting a specific price for a specific token pair. A taker presents that signed quote to the settlement contract, which verifies the signature and executes the swap atomically.The system relies on three guarantees working in concert, the maker must have authorized who can sign orders on its behalf, each signed order must be filled only once (replay protection), and the token source for the fill must be the authenticated maker\u2019s own inventory, not an arbitrary third-party address. <\/em><\/p>\n In the TrustedVolumes implementation, all three guarantees failed simultaneously, and the attacker exploited them in a single composed transaction.\u201d<\/em><\/p>\n Follow us on X<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>  <\/p>\n Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A hacker has started laundering digital assets that were part of the $6.7 million theft from the liquidity provider TrustedVolumes, says cybersecurity firm PeckShield. PeckShield says that new data shows the hacker has started moving hundreds of thousands of dollars worth of Ethereum (ETH). \u201cThe TrustedVolumes exploiter has laundered $278,000 in stolen funds so far: […]<\/p>\n","protected":false},"author":2,"featured_media":427258,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-427253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/427253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=427253"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/427253\/revisions"}],"predecessor-version":[{"id":427260,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/427253\/revisions\/427260"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/427258"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=427253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=427253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=427253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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