A $282 million cryptocurrency wallet compromise on Jan. 10 has been linked to $63 million in Tornado Cash deposits, according to CertiK. The stolen Bitcoin was converted to Ethereum, split across addresses, and then sent through Tornado Cash. Recovery chances are now “near zero” after entering mixers, making tracking difficult.

The laundering playbook used in the Jan. 10 compromise reflects a classic method for obscuring funds, according to FearsOff CEO Marwan Hachem. Post-exploit, funds were split into smaller amounts before entering mixers like Tornado Cash, reducing chances of recovery. Recovery options after mixer deposits are limited and unreliable, Hachem said.

A social engineering attack led to the compromise of a seed phrase, allowing the attacker to steal 1,459 BTC and over 2 million LTC from a victim’s wallet on Jan. 10. The stolen assets were swapped into privacy-focused digital assets, with $700,000 of the funds being frozen early in the laundering process. Recovery chances are now slim after funds have been moved.

Read more at Cointelegraph: CertiK Traces $63M in Tornado Cash Funds to $282M Crypto Hack