The Penpie protocol's hacker siphoned about $7 million of stolen funds through crypto mixer Tornado Cash around 12 hours after draining $27 million on Sept. 3. According to blockchain security firm PeckShield, the hacker's address continues to launder the stolen funds across multiple transactions to Tornado Cash addresses.

The Penpie protocol suspended all deposits and withdrawals following the $27 million hack. Decentralized finance (DeFi) protocol Pendle said it contacted security experts Seal 911 to help stop any subsequent related attacks, highlighting the ongoing security risks faced by the DeFi ecosystem.

The hacker's ability to quickly funnel a significant portion of the stolen funds through Tornado Cash, a crypto mixing service designed to obfuscate the origins of digital assets, underscores the challenges in tracking and recovering assets lost in DeFi hacks. This incident serves as a stark reminder of the need for enhanced security measures and vigilance in the rapidly evolving DeFi landscape.

Source: https://cointelegraph.com/news/penpie-protocol-hacker-launders-7m-tornado-cash

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