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$29M SUI Hack: Funds Moved to Ethereum and Tornado Cash

Published by
Mustafa Mulla

On December 12, 2024, hackers stole $29 million worth of SUI tokens from a victim’s wallet, as reported by blockchain investigator ZachXBT. The stolen tokens were quickly moved to Ethereum using a bridge and then sent to Tornado Cash, a platform often used to hide transaction details. This made it very hard to trace the funds. Tracking the theft has become even more difficult due to the limited features of the Sui blockchain’s explorer. The incident has raised serious concerns about the safety of crypto wallets and the challenges of following stolen funds in decentralized systems.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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