Balancer hacker converts 21,000 ETH to 617.4 BTC via THORChain, worth $47.8M, leaving only 1,000 ETH amid ETH price prediction volatility.

Balancer exploiter converts 21,000 ETH ($48.72M) into 617.43 BTC over three days, leaving just 1,000 ETH amid ongoing crypto hacker movements.

Balancer attacker's address moves 5609 ETH worth $13M to THORChain amid Lazarus Group links, highlighting ETH laundering methods via Tornado Cash.

According to @EmberCN, the address linked to the Balancer exploit swapped ETH LST tokens and other non-ETH assets into ETH, then deposited 2,000 ETH (about $6.36 million) into Tornado Cash within the past hour; this activity is visible on-chain. source: x.com/EmberCN/status/1989550291327525232, source: etherscan.io/address/0x0e9c9473d0c504da72763426719f6f03a15544d5 On-chain records for 0x0e9c9473d0c504da72763426719f6f03a15544d5 show multiple deposits to Tornado Cash contracts totaling 2,000 ETH in a one-hour window, indicating active obfuscation of funds. source: etherscan.io/address/0x0e9c9473d0c504da72763426719f6f03a15544d5 @EmberCN adds that moving the stolen ETH through Tornado Cash likely signals the actor is not pursuing a white-hat bounty pathway that would involve returning funds. source: x.com/EmberCN/status/1989550291327525232 For traders, Tornado Cash usage aligns with patterns seen in crypto hacks where mixers are used to launder stolen assets, complicating tracing and recovery; this typically heightens risk perception for related tokens and pools. source: home.treasury.gov/news/press-releases/jy0916, source: blog.chainalysis.com/reports/crypto-crime-mid-year-update-2022-mixers Monitor BAL, Balancer-related pools, and further outflows from the flagged address for potential liquidity shifts and on-chain sell pressure signals tied to the exploit. source: x.com/EmberCN/status/1989550291327525232, source: etherscan.io/address/0x0e9c9473d0c504da72763426719f6f03a15544d5