Uranium Finance hack address moves $3.1m from BNB to Ethereum

The notorious address tied to the Uranium Finance hack of 2021 has been caught in another financial movement, transferring $3.1 million from $BNB Chain to Ethereum ($ETH).

The primary adddess linked to the Uranium Finance hack of April 2021 has again moved another batch of funds, bridging $3.1 million in $BUSD from $BNB Chain to Ethereum and laundering $1.89 million to Tornado Cash.

Leading blockchain security company Peck Shield first called attention to today’s latest movement. Peck Shield’s disclosure came when the exploiter had moved just $10,000 worth of $BUSD to the Ethereum network using Stargate, a cross-chain bridging protocol.

Following the alert from Peck Shield, the exploiter has moved more $BUSD tokens to Ethereum. They bridged 500,000 $BUSD in six separate transactions and 100,000 $BUSD in one transaction, amounting to 3.1 million $BUSD.

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The recent transactions, which occurred today over one hour, have raised speculation among crypto proponents. After the transfers, the exploiter’s address on the $BNB Chain now holds over $15 million in $BUSD and Wrapped $BNB (WBNB).

Specifically, the address currently holds $10.29 million worth of $BUSD and 22,185 WBNB valued at $4.73 million. Moreover, at the reporting time, their address on the Ethereum network boasts 824 Ether ($ETH) worth $1.3 million, $12,980 worth of USDC and $12,487 worth of USDT.

Interestingly, shortly after bridging the 3.1 million $BUSD to the Ethereum network, the hacker moved 1,200 $ETH (worth $1.89 million) to crypto mixing resource Tornado Cash. These $ETH tokens were transferred over 12 transactions of 100 $ETH each, between 7:32 AM and 8:09 AM (UTC) today.

Previous movements

The latest flow of funds comes 61 days after the address laundered 1,100 $ETH through Tornado Cash in August. Interestingly, the exploiter had also moved 530 $ETH to Tornado Cash in July, 670 $ETH in June, and 650 $ETH in May.

These transactions have followed a similar pattern throughout this year. Notably, the first batch of transfers occurred in March, as the exploiter leveraged a different address to move 2,250 $ETH (worth $3.35 million at the time) to Tornado Cash.

The first batch of transactions came nearly two years after Uranium Finance fell victim to the hack. Recall that the exploiter drained $50 million of crypto assets from the protocol in April 2021. The hacker exploited a vulnerability in the Uranium Finance pair contracts.

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