According to EmberCN on Twitter, the Bitrue exchange hacker converted stolen SHIB and HOT tokens into Ethereum, then deposited 1050 ETH (approximately $1.9M) into Tornado Cash to obscure the funds' trail. The hacker transferred the remaining assets, including 5,111.5 ETH ($9.2M) and 16.345 million DAI (worth $25.545M in total), to a new address for storage. This movement of large ETH and DAI volumes out of Bitrue may impact market liquidity and raise caution for traders monitoring unusual on-chain activity and potential sell-off risks. (Source: twitter.com/EmberCN/status/1916477838406111542)

According to @EmberCN on Twitter, Bitrue officially announced a security breach that resulted in unauthorized withdrawals from their platform on April 27, 2025. The exchange confirmed that the incident led to the loss of several crypto assets, including XRP and ETH, and immediately suspended deposits and withdrawals to contain the breach. Bitrue stated all affected transactions are under investigation and committed to fully compensating impacted users. Traders are advised to monitor Bitrue’s official channels for updates, as this event may cause short-term volatility in associated tokens and impact user trust in centralized exchanges (Source: @EmberCN, April 27, 2025).

According to @EmberCN, the hacker responsible for the $23 million theft from Bitrue Exchange in April 2023 has resumed on-chain activity after a year, selling 150 billion SHIB tokens for 1,090.4 ETH ($1.97M) and 135 million HOT tokens for 76.5 ETH ($0.14M). These large-scale token sales may trigger increased volatility and sell pressure on SHIB and HOT trading pairs in the short term, as tracked on Etherscan (source: @EmberCN on Twitter, April 27, 2025).