Hinkal privacy protocol exploited for $820,000 as attacker funnels stolen funds through Tornado Cash

On July 3, 2026, attackers stole about $830,000 USDC from Hinkal, an on-chain privacy protocol, and used mixing and bridging services to move the stolen cryptocurrency within hours of the exploit. The breach compounds a difficult stretch for DeFi privacy infrastructure. According to data from DeFiLlama, Hinkal had only $829,000 total value locked (TVL) across...