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What are coin mixers, and how are they used in high-profile hacks?
Crypto mixers, or tumblers, are basically smart contracts used to hide the origin of crypto transactions. Hackers send their cryptocurrency to a mixer’s address. The mixer blends the crypto with coins sent by other users, thereby concealing the identity of each contributor. Subsequently, the mixer redistributes the coins, effectively obscuring their original source.
For example, if 10 users each mix 1 Ether (ETH), they each…
