Infini Exploit Attacker Launders $32.58M in ETH via Tornado Cash
A previously dormant wallet tied to the Infini hack spent over $13 million on ETH amid a market dip before routing funds through Tornado Cash.
ETH
USDC
Summary
A wallet linked to the Infini exploit reactivated after months, using $13.32 million to purchase Ethereum during a recent price drop. The acquired ETH was subsequently sent through crypto mixer Tornado Cash, according to on-chain data. This activity adds to earlier reports of 15,470 ETH, valued at $32.58 million, being laundered via Tornado Cash following the February theft of $49.5 million in USDC.
Terms & Concepts
- Tornado Cash: A blockchain-based cryptocurrency mixer that obscures transaction trails to enhance privacy.
- ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions and smart contract operations.
- DAI: A decentralized stablecoin on the Ethereum blockchain, pegged to the U.S. dollar and maintained through smart contracts.