Wasabi hackers launder $5.9M via Tornado Cash

Hackers behind the exploit of memecoin leverage trading protocol Wasabi have laundered all of the stolen $5.9 million through Tornado Cash, according to on-chain analyst Specter (@SpecterAnalyst). In a post on X, Specter explained that the method is similar to patterns used by North Korean hackers. He noted that these tactics typically involve bridging stolen assets to Bitcoin before laundering them through Tornado Cash. The pattern is characterized by repeated withdrawals to new addresses, distribution across multiple wallets, and several stages of bridging, ultimately followed by transfers to addresses associated with over-the-counter (OTC) trading.