According to @lookonchain, a hacker responsible for the $23 million theft from the Bittrue exchange in 2023 has initiated laundering the funds through the Tornado Cash mixing service. Citing Debank data, EmberCN reported that the hacker recently sent $30 million worth of Ether (ETH) to the service. The individual reportedly made a profit of $9.37 million by strategically trading the stolen assets, selling ETH in 2023, repurchasing it after a price drop, and holding it through its recent price appreciation. Debank data indicates that all the stolen funds are now being funneled through Tornado Cash. Additionally, the hacker's on-chain history on Etherscan reveals that some funds were also deposited to the decentralized derivatives exchange HyperLiquid, indicating complex laundering and trading activities.

According to @lookonchain, a hacker responsible for the $23 million theft from the Bittrue exchange in 2023 has initiated laundering activities. Citing Debank data, EmberCN reports that the individual funneled $30 million worth of Ether (ETH) through the mixing service Tornado Cash. This sum includes a significant trading profit of $9.37 million, which the hacker reportedly made by selling the initially stolen assets, repurchasing ETH after its price dropped, and holding it through its recent rally. On-chain analysis from Etherscan further reveals that some of the stolen funds were also moved to the decentralized derivatives exchange HyperLiquid. This movement of illicit funds, particularly the profitable trading strategy employed, is a significant event for on-chain analysts monitoring wallet activities and potential impacts on platforms like Tornado Cash and HyperLiquid.