blockchainreporter.net
Recently, the exploiter of Orbit Chain, a multi-asset blockchain forum, has sent the stolen funds to Tornado Cash. As per Arkham (an AI-driven blockchain analysis company), the exploiter has reportedly sent up to $32 million to the non-custodial, open-source, and decentralized crypto mixer. The analytics platform took to the social media platform X to provide the details of this development.
🚨ONGOING: $100M Orbit Chain Exploiter sends $32M to Tornado Cash after 5 months silence
— Arkham (@ArkhamIntel) June 8, 2024
In the past hour, the Orbit Chain Exploiter moved 8671 ETH ($32M) to a new address and is currently in the process of depositing it to Tornado Cash.
They stole over $100M in ETH and DAI… pic.twitter.com/Bq7BRdXqmc
Orbit Chain Exploiter Moves 8671 $ETH to Tornado Cash
Arkham pointed out that the exploiter had stolen a huge amount of nearly $100 million from Orbit Chain. However, after that event, the exploiter did not do any activity potentially to stay away from intrusion. Keeping that in view, the exploiter remained silent for a considerable period of up to five months. Nonetheless, the exploiter recently made a sudden transfer of up to $32 million to the crypto-mixing platform Tornado Cash.
According to the analytics provider, the exploiter is currently going through the procedure of depositing the assets to Tornado Cash. The platform disclosed that the exploiter stole more than $100 million worth of the $DAI as well as $ETH assets. Five months ago, when the exploiter took away $100 million, the assets stolen assets included $WBTC, $USDC, $DAI, $USDT, and ETH.
The Hacker Still Possesses More than $88M in $USDT, $DAI, and $ETH
The potential reasons behind the hack took into account security lapses dealing with private keys. Now, the exploiter has reportedly moved up to 8671 $ETH coins to the crypto mixing forum. At the moment, the exploiter still possesses more than $66 million in $ETH as well as more than $20 million in $USDT and $DAI.