In the previous month, a hacker took advantage of a weakness in an outdated version of the Yearn Finance protocol and stole $11.6 million in stablecoins. The hacker has transferred more than 2000 ETH, valued at $3.6 million, to Tornado Cash and laundered almost $9.3 million in stolen funds through complex transactions. Additionally, the hacker created over 1 quadrillion Yearn Tether (yUSDT) and sent funds to a crypto mixer that is under sanctions. Despite the fact that $400 million was stolen in 40 attacks during the first quarter of 2023, the number of crypto hacks has decreased by 70% since Tornado Cash was sanctioned.
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