A hacker that stole $ 23 million from Crypto Exchange Bittrue in 2023 has begun to launder the proceeds through Tornado Cash, according to Debank -Data cited by Embercn.
The hacker sent $ 30 million ether
For the mixing service on Thursday, after selling the token in 2023, it bought back after the award fell and held it through Ether’s subsequent winnings.
The second largest cryptocurrency by market value was as high as $ 2,450 in 2023 and had dropped to as low as $ 1,472 in April, before rebuilt to trade as high as $ 2,873 this week, Coindesk data shows. The hacker earned $ 9.37 million in profits on their transaction, Embercn said.
Debank -Data shows that all the stolen funds are now spreading through Tornado cash. It is unclear whether the hacker was part of a larger group or working solo.
Crypto investors lost $ 1.67 billion to hacks and exploitation in the first quarter of this year as the industry struggled to limit the criminal underworld despite a rapid progress in institutional adoption.
The hacker’s on-chain path on Etherscan shows that some funds were also laundered in April, and between this period there were also several deposits for decentralized derivatives that exchange hyperliquid.
