Bittrue Hacker Launders $30 Million Through Tornado Cash After Ether Trades
A hacker who stole $23 million from crypto exchange Bittrue in 2023 is laundering the funds via Tornado Cash, as reported by EmberCN.
- The hacker transferred $30 million worth of ether to the mixing service after selling it and repurchasing at a lower price.
- The price of ether fluctuated between $1,472 and $2,873 this year, resulting in a profit of $9.37 million for the hacker.
- All stolen funds are reportedly being distributed through Tornado Cash.
- The involvement of a larger group or solo operation by the hacker remains unclear.
- In Q1 2023, investors lost $1.67 billion to hacks and exploits.
- On-chain analysis shows some funds were laundered in April with deposits made to the decentralized derivatives exchange HyperLiquid.