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Radiant Capital Exploit Hacker Launders $26.7 Million via Tornado Cash

Radiant Capital Exploit Hacker Launders $26.7 Million via Tornado Cash

The Radiant Capital hacker has moved $61.4 million through Tornado Cash and continues to hold millions in digital assets, raising concerns over illicit fund movements.

ETH
DAI

Fact Check
Multiple credible sources, including CryptoNews.net, OKX, Coindesk, and Gate.com, corroborate that the hacker behind the Radiant Capital exploit used the privacy tool Tornado Cash to launder stolen funds. Source 8 explicitly states that $26.7 million in ETH was laundered, a figure that is consistent with other sources mentioning the transfer of approximately 5,000 to 5,933 ETH through the service. While one source mentions a different laundering tool, this does not contradict the strong evidence confirming the use of Tornado Cash.
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Summary

The hacker behind the Radiant Capital exploit has laundered $61.4 million by moving 13,650 ETH through Tornado Cash. Following the transaction, they purchased 1,327 ETH for $6 million and now hold $42.18 million in assets, including 27.4 million DAI and 3,288 ETH.

Terms & Concepts
  • Tornado Cash: A decentralized, non-custodial privacy solution for Ethereum transactions that uses smart contracts to break the on-chain link between sender and receiver.
  • ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transactions, smart contract execution, and decentralized finance applications.