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A private key leak led to a $2.3M USDT theft, with funds swapped to ETH and laundered via Tornado Cash, raising security ...

A crypto whale lost over $27 million after attackers exploited a flawed multisig wallet and laundered funds through Tornado Cash, investigators say.

On Thursday, a single user on the decentralized trading platform Hyperliquid lost about $21 million after a private key leak led to an exploit involving the platform’s Hyperdrive lending protocol.

PeckShield reports a $27.3M theft from a whale’s multisig wallet due to a private key compromise. Most funds were laundered via Tornado Cash.