Onchain Lens says the roughly $3.23 million transaction was later routed through Tornado Cash (crypto mixing protocol).
A large crypto holder exchanged 40 Bitcoin for 1,384.6 Ethereum valued at about $3.23 million using THORChain (cross-chain liquidity protocol), according to Onchain Lens. The tracking account said the proceeds were subsequently transferred through Tornado Cash (crypto mixing protocol), a service designed to obscure transaction trails on public blockchains. The transaction highlights how cross-chain swaps can move value between major cryptocurrencies without centralized intermediaries, while privacy tools can make later fund flows harder to trace.