U.S. Fed's Vice Chair Barr Suggests CBDC Decision Remains a ‘Long Way’
Ether Whales Accumulate $94 Million in ETH Amidst Price Dive to $1.6K
Tornado Cash Developers Accused of Assisting Hackers in Laundering $1 Billion, Including Notorious North Korean Attacks
According to blockchain data, addresses linked to Ronin Bridge's $625 million hack moved upwards of $10 million worth of ether in the Asian morning hours on Wednesday.
According to blockchain data, the Ronin exploiter financed one account for 5,505 ether this morning, with the payments flowing in from another wallet that was directly paid by the primary exploiter address.
The address began sending ether in batches of 100 to Tornado, an on-chain anonymity exchange, in the early hours of Wednesday. According to the statistics, over 55 trades were conducted.
Stolen funds are on the move. (Etherscan)
At the time of writing, the wallet had just 3.4 ether, worth over $7,000, implying that the majority of the cash were moved to Tornado and sold.
Tornado improves transaction privacy by severing the on-chain connection between a source and a destination address. This helps exploiters and hackers to hide their identities while withdrawing monies obtained illegally.
Wednesday's activities follow the exploiters' aggressive sale of stolen ether in early April, when they shifted as much as 21,000 ether to Tornado in numerous transactions. At the time, the hoard was worth more than $65 million.
In March, Sky Mavis, the publisher of the popular Axie Infinity game, and the Axie DAO were targeted by a $625 million vulnerability that impacted Ronin validator nodes. The attacker "used compromised private keys to generate fraudulent withdrawals," Ronin explained the vulnerability in a blog post at the time.
The exploiter address has already been linked to North Korea's infamous "Lazarus" squad, according to US authorities. As previously reported, CoinDesk independently confirmed that the sanctioned addresses were tied to Ronin exploiters.
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