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Three Wallets Sell $16.25 Million in Ethereum After Tornado Cash Withdrawals

Three Wallets Sell $16.25 Million in Ethereum After Tornado Cash Withdrawals

A wallet linked to RichardHeartWin sold nearly $16.3M in ETH for DAI hours after a large prior Tornado Cash deposit, highlighting significant on-chain activity.

ETH
DAI

Fact Check
The statement is strongly supported by a consensus across multiple relevant primary sources. Sources from dedicated crypto news outlets (Blockchain.news), financial platforms (TradingView, Moomoo), and cryptocurrency exchanges (Phemex, WEEX) all consistently report the same key details: three wallets, a withdrawal from Tornado Cash, and the subsequent sale of 4,920 ETH for a total value of approximately $16.25 million. The calculation provided in one source (4,920 ETH sold at $3,302) directly yields a total of $16,247,840, which aligns with the '$16.25 million' figure. Furthermore, several sources explicitly attribute this information to on-chain analysis from firms like "Lookonchain," which is the correct type of primary source for such a claim. There is no conflicting evidence among the provided sources. The irrelevant sources were disregarded as they did not pertain to the specific transaction in question. The high degree of consistency across multiple independent reports makes the statement very likely to be true.
Summary

Blockchain data indicates that a wallet associated with RichardHeartWin sold 4,978 ETH at $3,273 each for approximately $16.29 million DAI, seven hours prior to reporting. The ETH had been withdrawn from Tornado Cash on November 8, following a deposit of 154,000 ETH into the protocol on November 5. The transactions’ size and timing have drawn attention, though direct evidence linking the sale to the earlier deposit has not been confirmed.

Terms & Concepts
  • Tornado Cash: A cryptocurrency privacy protocol enabling users to obscure transaction origins and destinations.
  • ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transactions and smart contract operations.
  • DAI: A stablecoin pegged to the U.S. dollar, issued on the Ethereum blockchain, used as a medium of exchange and store of value.