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Prisma Finance (PRISMA) attacker transfers stolen assets to Tornado Cash

By:
on Mar 29, 2024
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  • The DeFi protocol paused services after an $11.6M hacking incident on 28 March.
  • Meanwhile, the hacker moved $2.6M to Tornado Cash, triggering skepticism.
  • PRISMA price charts reflect robust bearishness.

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Prisma Finance (PRISMA) attracted attention as it paused the protocol after an $11.6 million, around 3,257 Ethereum (ETH) tokens, hack on Thursday.

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Meanwhile, the latest transfer of assets worth $2.6M seems to added intricacy to the continuing investigations.

PeckShield revealed the attacker made several transactions following the hack.

The first transfer involved $2,702,091 (756.69 ETH) to an initial wallet before the $2,638,996 (740 ETH) move to a Tornado Cash-associated address.

Meanwhile, these transactions catalyzed skepticism within the decentralized finance (DeFi) sector, with many questioning the intentions behind the attack.

The protocol suffered an attack that targeted user vaults, triggering an emergency warning.

While stablecoins such as ULTRA and mkUSD remained secure, the event catalyzed a significant total value locked (TVL) plunge, swiftly dipping to $115M from $220M.

Whitehat rescue claims

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The hacker sent an on-chain message six hours after the incident, claiming it was a whitehat rescue. The notification came from 0x2d4…7507a address and promised a refund.

Nonetheless, the community remains skeptical about the alleged rescue.

PRISMA’s current price outlook

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Prisma Finance exhibits massive bearishness amid the hacking developments, dropping 10% and 40% over the past day & week to hover at $0.2705.

PRISMA 7D Chart Coinmarketcap

Meanwhile, the attacker’s transactions and declined TVL likely complicate the ongoing investigations, casting a dark cloud over Prisma Finance.

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