– Whale’s multisig wallet drained of $27.3M via private key compromise – Drainer launders $12.6M ETH using Tornado Cash – Only $2M in liquid assets remain after laundering – Theft linked to control transfer just minutes after wallet creation – Potential total losses could exceed $40 million – Bybit hacker laundered 499,000 ETH using crypto mixers

Cybercriminals have stolen $27.3 million from a whale's multisig wallet, as reported by PeckShield.

The theft was due to a private key compromise and occurred in multiple stages.
The attacker used Tornado Cash to launder 4,100 ETH, equivalent to $12.6 million.
Approximately $2 million remains in liquid assets.
The compromised wallet was created only 44 days before the attack; ownership was transferred to the attacker shortly after creation.
Yehor Rudytsia suggests total losses could exceed $40 million, with initial signs of theft dating back to November 4.

Crypto mixers like Tornado Cash are frequently used by criminals to obscure stolen funds' origins, as seen in other cases such as the Bybit hack.