
On-chain analyst Yu Jin reports the Balancer hacker moved $6.36M in ETH to Tornado Cash, signaling abandonment of a white-hat resolution.
On November 15, on-chain analyst Yu Jin reported that the wallet tied to the Balancer exploit converted Ethereum staking derivatives and other tokens to ETH, then transferred 2,000 ETH—valued at $6.36 million—to Tornado Cash within an hour. This action suggests the hacker has abandoned any potential return of funds for a white-hat bounty. The wallet previously consolidated holdings to approximately 25,300 ETH, worth $91.69 million.