Bittrue Hacker Funnels $30M Through Tornado Cash, Made $9.3M by Trading Ether

A hacker who stole $23 million from crypto speech Bittrue successful 2023 has started to launder the proceeds done Tornado Cash, according to Debank information cited by EmberCN.

The hacker sent $30 cardinal worthy of ether ETH to the mixing work connected Thursday, having sold the token successful 2023, buying it backmost aft the terms fell and holding it done ether's consequent gains.

The second-largest cryptocurrency by marketplace worth traded arsenic precocious arsenic $2,450 successful 2023, and had dropped to arsenic debased arsenic $1,472 successful April earlier rebounding to commercialized arsenic precocious arsenic $2,873 this week, CoinDesk information show. The hacker made a $9.37 cardinal successful nett connected their transaction, EmberCN said.

Debank information shows that each of the stolen funds are present being dispersed done Tornado Cash. It is unclear whether the hacker was a portion of a larger radical oregon moving solo.

Crypto investors mislaid $1.67 cardinal to hacks and exploits successful the archetypal 4th of this twelvemonth arsenic the manufacture struggled to constrain the transgression underworld contempt a accelerated beforehand successful organization adoption.

The hacker's on-chain way connected Etherscan shows that immoderate funds were besides laundered successful April and betwixt that play determination were besides respective deposits to decentralized derivatives speech HyperLiquid.