EOA “0x933f” account address has transferred funds to Tornado Cash

It is reported that according to CertiK monitoring, the EOA account address (0x933f…) has transferred the funds to Tornado Cash. The EOA wallet is related to the Monkey Drainer phishing scam. So far, a total of 21 ETHs (about US $354 million) have been transferred to Tornado Cash.

Interpretation of this information:

The message reports a concerning development in the ongoing Monkey Drainer phishing scam. According to CertiK monitoring, an EOA account address (0x933f…) related to the scam has transferred funds totaling 21 ETH (approximately US $354 million) to Tornado Cash. The transfer implies that the scam perpetrators are actively trying to cover their tracks by mixing their ill-gotten gains with other funds in the anonymity-focused Tornado Cash. This development not only highlights the sophistication of the fraudsters but also poses a significant challenge to law enforcement agencies investigating such crimes.

The Monkey Drainer phishing scam involves sending fake links that imitate a cryptocurrency wallet to unsuspecting victims. The scam targets new users of cryptocurrency wallets and tricks them into linking their wallets to the fake website. This allows the fraudsters to steal their private keys, giving them full access to their victims’ wallets. As a result, many users have lost their entire savings to the scam.

This latest development suggests that the scammers are trying to evade detection through the use of Tornado Cash. Tornado Cash is an Ethereum-based protocol that offers privacy-preserving transactions by mixing users’ funds with other transactions to create a pool of indistinguishable ether. By doing so, the protocol obscures the source and the destination of the transaction, making it difficult to track. The scammers’ use of this protocol could make it nearly impossible to trace the funds’ movement, making it challenging to recover the stolen assets.

The report underscores the need to educate users to spot and avoid phishing schemes to protect their wallets’ security. Additionally, it highlights the importance of regulators and law enforcement agencies taking a more stringent approach to cracking down on such scams. The anonymity provided by Tornado Cash and other privacy protocols could facilitate money laundering and other illicit activities, thereby necessitating a more robust regulatory framework.