What to know:
- A hacker who stole $23 million from Bittrue in 2023 laundered $30 million in ETH through Tornado Cash, profiting $9.37 million by trading ETH as the price fluctuated in the meantime.
- All the stolen funds are being funneled through Tornado Cash. No big deal, just another day at the office.
- Crypto hacks cost investors $1.67 billion in the first quarter. Who says crime doesn’t pay?
Ah, the sweet smell of stolen crypto. A hacker who managed to make off with $23 million from the Bittrue exchange in 2023 has decided to wash their dirty money through Tornado Cash. Because, of course, what else would you do with that kind of loot—donate it to charity? Nope, better to launder it like a true crypto connoisseur.
According to some reliable sources (Debank, EmberCN—don’t worry, it’s not your grandma’s knitting circle), the hacker didn’t just stop there. They sent a cool $30 million worth of ether into the mixing service on Thursday. A little gamble here, a little crypto trading there—this person is basically the Wolf of Wall Street, if Wall Street were built on digital currencies and mild moral ambiguity.
Now, let’s talk numbers. In 2023, Ether had its little wild ride, peaking at $2,450 before crashing down to $1,472 in April. But don’t worry, it made a solid comeback, hitting a whopping $2,873 this week. Naturally, our hacker (who’s probably wearing sunglasses inside and sipping on an iced latte while watching the chaos unfold) cashed in on this beautiful rollercoaster and bagged a cool $9.37 million in profits. Smooth, right? Can I borrow that playbook?
All of the hacker’s stolen goods are being shuffled around through Tornado Cash like a magician pulling coins from behind your ear. What’s unclear is whether this hacker is some lone wolf or part of a bigger crew, but hey, I’m guessing they’re probably not sharing their getaway car with anyone.
Meanwhile, crypto investors lost $1.67 billion in the first quarter of this year to hacks and exploits. It’s almost like there’s an entire underground economy dedicated to this stuff, but I’m sure it’s just a coincidence, right?
And just to spice things up a bit, the hacker’s trail on Etherscan shows that some of the stolen funds made a pit stop at decentralized derivatives exchange HyperLiquid in April. Because, sure, why not add a few more steps to the crime scene? After all, it’s not really a proper hack unless it involves multiple platforms, right?
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2025-06-12 17:11