BunnyFinance Exploiter Launders $4M in ETH via Tornado Cash

The BunnyFinance exploiter has emerged after three years and has laundered 1.5K $ETH (worth ~$4m) via cryptocurrency tumbler Tornado Cash over the past two days.

According to Web3 security platform, PeckShieldAlert, “The #BunnyFinance exploiter has laundered 1.5K $ETH (worth ~$4m) via #TornadoCash over the past two days.”

Courtesy: PeckshieldAlert X account

This laundering can further trigger potential security risks and volatility for Bunny Finance and related assets.

Early August, another anti money laundering system, Mist Track reported that Bunny Finance exploiter was live again after three years of being dormant.

Does anyone remember the Bunny Finance exploiter

Looks like they’re active again after almost 3 years!!! pic.twitter.com/3sCR23XPte

— MistTrack🕵️ (@MistTrack_io) August 5, 2024

In a X post, MistTrack pointed out a strange coincidence, “Could be a coincidence but the Bunny Finance exploiter and the Nomad Bridge exploiter both took advantage of the recent down market. Swapping almost $40M DAI for ~17,000 ETH in an almost identical pattern, with an average price of $2400. Could the same people be responsible for both attacks or is the Nomad exploiter just following Bunny exploiters footsteps??? So far they’ve already sent 2400 ETH to Tornado Cash. The rest will most likely follow shortly.”

Both Nomad Bridge breacher and Bunny Finance exploiter were seemingly taking advantage of the price drop in ETH (around August 5, 2024) and swapped DAI for ETH.

Courtesy: MistTrack X Account

In May 2021, the PancakeBunny had suffered a major exploit that allowed Bunny Finance hackers to make off with more than $200 million worth of crypto assets.

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