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Coinbase Hacker Moves $24 Million in ETH via Tornado Cash

The Orbit Chain hacker has laundered $18.8 million in ETH, with remaining assets valued at $61.6 million due to a rise in ETH prices.

ETH
DAI

Summary

A hacker behind the 2024 theft of $81.5 million from Orbit Chain has moved 4,320 ETH, worth $18.8 million, through Tornado Cash. The remaining stolen assets, now worth $61.6 million, reflect a rise in ETH prices. The hacker still holds 9,511 ETH and 20 million DAI.

Terms & Concepts
  • Tornado Cash: A privacy-focused decentralized mixer for Ethereum transactions, allowing users to anonymize their transaction history.
  • DAI: A decentralized stablecoin pegged to the U.S. dollar, issued by the MakerDAO protocol.