Eureka Trading Founder Kuan Sun Recovers Some Hacked Assets Through Cryptocurrency Exchanges And Transfer Using Tornado Cash

On April 17th, according to 0xScope monitoring, Eureka Trading founder Kuan Sun’s $15 million assets that were hacked in June 2022 were exchanged for 1935 ETHs, 120 WBTCs, and 6.3 million DAIs through Uniswap, Curve, and Sushi Swap, and transferred through Tornado Cash. Foresight News: Kuan Sun tweeted that in June 2022, he was hacked for $15 million due to a private key leak. So far, he has collected some IP and other information for the hacker, but I encourage all encryption members and security experts to participate in this case and am very willing to offer a reward for valuable assistance. The hacker’s address is 0xA1ac23bE458E14AC0A0003DC1343D2AC575EA3b6.

0xScope: The founder of Eureka Trading was hacked and $15 million in assets have been transferred to Tornado Cash

Eureka Trading founder Kuan Sun has recovered some of the assets that were stolen from him during a hacking incident in June 2022. According to 0xScope monitoring on April 17th, Kuan Sun’s stolen $15 million assets were exchanged for 1935 ETHs, 120 WBTCs, and 6.3 million DAIs through cryptocurrency exchanges such as Uniswap, Curve, and Sushi Swap, and were then transferred through Tornado Cash.

The Hacking Incident and Recovery Efforts

Foresight News reported that in June 2022, Kuan Sun was hacked and lost $15 million worth of assets due to a private key leak. Despite this unfortunate incident, Kuan Sun did not give up and took action against the hacker. He started collecting IP and other information that could lead to the capture of the hacker. He also urged fellow cryptocurrency enthusiasts and security experts to join him in this fight and offered a reward for valuable assistance.
Although it hasn’t been reported on exactly how much of his assets he has recovered, it is a significant milestone towards the recovery of his losses. The efforts of Kuan Sun to recover his stolen assets demonstrate the importance of taking action when such incidents occur.

Overview of Cryptocurrency Exchanges and Transfer Using Tornado Cash

The recovery efforts of Kuan Sun were made possible through the use of cryptocurrency exchanges. Cryptocurrency exchanges are platforms where users can buy, sell, and trade cryptocurrencies such as Bitcoin, Ethereum, and Tether. These exchanges, such as Uniswap, Curve, and Sushi Swap, allow users to exchange their deposited cryptocurrencies for other digital assets.
Another important step towards the recovery of Kuan Sun’s assets was the transfer of the stolen funds through Tornado Cash. Tornado Cash is a privacy-focused protocol that allows users to transact anonymously by using the Ethereum and other blockchain networks. Tornado Cash enables users to protect and safeguard their privacy by breaking the link between transaction senders and receivers. This protocol is especially important in cases where assets have been stolen, as it allows users to hide their transactions and recover their funds quickly and efficiently.

Conclusion

The hacking incident that Kuan Sun experienced highlights the importance of being vigilant when it comes to securing cryptocurrencies. Kuan Sun was able to fight back and recover some of his assets thanks to the efforts he made and the support he received from the cryptocurrency community. It is important for everyone to take a proactive approach to securing their digital assets and to take immediate action against any theft or hacking of their assets.

FAQs

1. How was Kuan Sun able to recover some of his stolen assets?
Kuan Sun was able to recover some of his stolen assets by exchanging them for cryptocurrencies such as ETH, WBTC, and DAI, and then transferring them through Tornado Cash.
2. What are cryptocurrency exchanges?
Cryptocurrency exchanges are platforms where users can buy, sell, and trade cryptocurrencies such as Bitcoin, Ethereum, and Tether.
3. What is Tornado Cash?
Tornado Cash is a privacy-focused protocol that allows users to transact anonymously by using Ethereum and other blockchain networks.