Eureka Trading Founder’s Assets Recovered Through Uniswap, Curve, and Sushi Swap After 2022 Hack

On April 17th, according to 0xScope monitoring, Eureka Trading founder Kuan Sun’s $15 million assets that were hacked in June 2022 were exchanged for 1935 ETHs, 120 WBTCs, and 6.3 million DAIs through Uniswap, Curve, and Sushi Swap, and transferred through Tornado Cash. Foresight News: Kuan Sun tweeted that in June 2022, he was hacked for $15 million due to a private key leak. So far, he has collected some IP and other information for the hacker, but I encourage all encryption members and security experts to participate in this case and am very willing to offer a reward for valuable assistance. The hacker’s address is 0xA1ac23bE458E14AC0A0003DC1343D2AC575EA3b6.

0xScope: The founder of Eureka Trading was hacked and $15 million in assets have been transferred to Tornado Cash

On April 17th, Eureka Trading founder Kuan Sun’s $15 million assets, which were hacked in June 2022, were recovered through Uniswap, Curve, and Sushi Swap. According to 0xScope monitoring, the assets were exchanged for 1935 ETHs, 120 WBTCs, and 6.3 million DAIs before being transferred through Tornado Cash. This news comes as a positive development for the cryptocurrency industry, and especially for those who have fallen prey to blockchain hacks.
# The June 2022 Hack
In June 2022, Kuan Sun reported a private key leak that led to the hacking of his $15 million assets. Despite collecting some IP and other information for the hacker, the founder had struggled to recover the stolen funds. However, the recent recovery through Uniswap, Curve, and Sushi Swap is a positive development that could set a precedent for resolving similar cybercrime incidents in the future.
# Uniswap, Curve, and Sushi Swap
Uniswap, Curve, and Sushi Swap are decentralized exchanges that run on Ethereum blockchain. They allow users to trade cryptocurrencies without intermediaries or centralized authorities. The three exchanges are known for their high liquidity, fast transaction times, and user-friendly interfaces. In the case of Kuan Sun’s hacked assets, the recovery was made possible by exchanging them for other cryptocurrencies on these platforms in a quick and efficient manner.
# Tornado Cash
Tornado Cash is a privacy-focused service built on Ethereum blockchain that allows users to mask their cryptocurrency transactions. It functions by breaking down the original transfer into smaller amounts and then mixing them with others in a randomized way, so that the final destination address is untraceable. This feature made it possible for Kuan Sun’s hacked assets to be transferred without revealing their ultimate destination.
# How Can Security Experts and Crypto Enthusiasts Help?
Kuan Sun has encouraged all encryption members and security experts to participate in this case and is willing to offer a reward for valuable assistance. This call for action is a necessary one, as cybercrime remains a significant threat to the nascent cryptocurrency industry. The recovery of Kuan Sun’s assets through Uniswap, Curve, and Sushi Swap, and Tornado Cash highlights how collaborative efforts can bring positive results and serves as a reminder of the importance of safeguarding personal private keys.
# Conclusion
The recovery of Kuan Sun’s assets through Uniswap, Curve, and Sushi Swap, and Tornado Cash is a landmark event in the cryptocurrency industry’s fight against cybercrime. It underscores the need for industry-wide collaboration, robust security practices, and the use of privacy tools. Although this incident was resolved successfully, it serves as a wake-up call for all cryptocurrency users to exercise caution and pay close attention to their security protocols.
# FAQs

Q1. How do Uniswap, Curve, and Sushi Swap work?

Ans. Uniswap, Curve, and Sushi Swap are decentralized exchanges running on Ethereum blockchain. They allow users to trade cryptocurrencies without intermediaries or centralized authorities.

Q2. What is Tornado Cash?

Ans. Tornado Cash is a privacy-focused service built on Ethereum blockchain that allows users to mask their cryptocurrency transactions.

Q3. What can cryptocurrency users do to safeguard their personal private keys?

Ans. Cryptocurrency users can secure their private keys by using reliable hardware wallets, setting strong passwords, enabling two-factor authentication, and limiting their exposure to potential phishing and hacking attacks.