According to @EmberCN, the Orbit Chain exploit wallet moved 4,320 ETH worth about 18.81 million USD through Tornado Cash after roughly one year of inactivity, following the 81.5 million USD theft in early 2024, source: @EmberCN on X, Aug 31, 2025. According to @EmberCN, the attacker converted most stolen funds into ETH at around 2,301 USD per ETH and ETH has approximately doubled since then, source: @EmberCN on X, Aug 31, 2025. According to @EmberCN, cumulative laundering via Tornado Cash has reached 17,242 ETH valued around 66.35 million USD, source: @EmberCN on X, Aug 31, 2025.

According to Matt Hougan, the cryptocurrency market is currently experiencing the decline of the memecoin boom, driven by factors such as the involvement of entities like Melania, Libra, and the Lazarus Group in using memecoins for laundering stolen Ethereum (ETH). This trend is expected to conclude within six months. The positive aspect is the emergence of alternative opportunities ready to replace memecoins in the market, suggesting a shift in trading strategies and opportunities for traders to explore new avenues. (Source: Matt Hougan's Twitter)