What happened
Quick Summary
Hackers stole $36 million in Bitcoin and Ethereum from IRA Financial Trust retirement accounts using the Tornado "mixer" service.
Details of the Exploit
On February 8, hackers targeted IRA Financial Trust retirement accounts, stealing $21 million in Bitcoin and $15 million in Ethereum. The illicit activity was discovered by Chainalysis, a blockchain data platform, which found that the stolen funds were linked to money laundering. The operation was carried out using the Tornado "mixer" service.
Stolen funds:
- Bitcoin ($21M)
- Ethereum ($15M)
Case & protocol details
Classification
Other
Protocol Type
Yield
Official Website
www.irafinancialgroup.com/
Protocol Twitter/X
@TheIRAFinancial
Evidence & learning
Sources and on-chain records
- report Report twitter.com
- report Report decrypt.co
- report Report bloomberg.com
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