Scam Wallet Sends $1.17M in ETH to Tornado Cash

In Brief:

750 ETH linked to a phishing scam was transferred to Tornado Cash.

The move raises renewed concerns over laundering tactics amid ongoing regulatory crackdowns.

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On April 11, blockchain security firm PeckShield reported that a suspicious address tagged as "#Fake_Phishing956402" transferred 750 ETH—worth approximately $1.17 million—to the privacy-focused crypto mixer Tornado Cash.

The transaction, flagged on-chain, is the latest in a series of scam-linked activities involving Tornado Cash, which remains a controversial tool due to its ability to obscure transaction trails and frustrate law enforcement tracking.

This comes despite the U.S. Treasury’s 2022 sanctions on Tornado Cash, which cited its use in laundering billions in stolen funds, including those tied to North Korean hacker groups. While regulatory pressure has intensified, the protocol remains active on Ethereum, enabling pseudonymous users to cycle funds through its pools.

Tornado Cash’s usage by scam actors continues to fuel debates around crypto mixer legality, privacy, and abuse, especially as regulators weigh broader DeFi oversight.

At present, the scam wallet in question has not been formally identified by law enforcement, but its activity pattern fits previously documented phishing scams targeting wallet drainers and airdrop bait links.

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