On-chain analyst Yu Jin reports the Balancer hack suspect converted various tokens to ETH before sending over $6 million to Tornado Cash, signaling no intent to negotiate a white-hat bounty return.
On November 15, on-chain analyst Yu Jin observed the Balancer hack suspect swapping ETH LST and other tokens for ETH, then transferring 2,000 ETH (approximately $6.36 million) to Tornado Cash within an hour. This activity suggests the suspect has abandoned the possibility of returning the stolen funds in exchange for a white-hat bounty and is instead focusing on obscuring transaction trails.