Sunday, July 5, 2026

One step beyond

 The smart contracts worked fine

https://cryptobriefing.com/step-finance-exploiter-launders-funds-tornado-cash/

The attack vector was compromised executive team devices, likely through phishing or social engineering. The smart contracts worked fine. The people managing them did not.

AND . . .

Once on Ethereum, the funds were swapped into ETH and then routed through Tornado Cash. The US Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash back in 2022, though those sanctions have faced significant legal challenges. The protocol continues to function because it’s a set of smart contracts on Ethereum that nobody can unilaterally shut down.

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