According to @lookonchain, three new wallets withdrew 4,920 ETH (about $16.25M) from Tornado Cash and sold the ETH around $3,302. According to @lookonchain, the source provided the new wallet addresses and noted the sales followed the Tornado Cash withdrawals. According to @lookonchain, Richard Heart purchased 162,937 ETH (about $619M) at $3,800 in 2024 and deposited all of it into Tornado Cash two days ago, while attribution of today’s 4,920 ETH sales remains uncertain between him and potential hackers. According to @lookonchain, the 4,920 ETH equals roughly 3% of the cited 162,937 ETH and the sale price near $3,302 is about 13% below the stated $3,800 buy level.

According to @lookonchain, Richard Heart, founder of HEX, PulseChain, and PulseX, deposited 112,978 ETH valued at approximately 366.4 million USD into Tornado Cash over the past 8 hours (source: @lookonchain on X). Tornado Cash has been sanctioned by the U.S. Department of the Treasury since August 2022 (source: U.S. Department of the Treasury OFAC).

According to @EmberCN, a wallet linked to the suspected founder of HEX, PulseChain, and PulseX, Richard Heart, moved 154,000 ETH (about $611 million) on 10/20 and has now deposited the entire amount into Tornado Cash, source: @EmberCN on X. According to @EmberCN, 113,671 ETH (about $379 million) was deposited into Tornado Cash within the most recent 7 hours, highlighting the pace and scale of the transfers, source: @EmberCN on X. According to @EmberCN, these ETH were bought in March 2024 using 621 million DAI at an average price of $3,779 and are currently at a loss, source: @EmberCN on X. According to @EmberCN, traders tracking on-chain flows should note the full migration of these holdings into a mixer and monitor related ETH liquidity conditions and wallet activity for potential market impact, source: @EmberCN on X.

According to @ai_9684xtpa, a wallet cluster suspected to be linked to Richard Heart (founder of HEX and PulseChain) transferred 47,200 ETH to Tornado Cash through four addresses, valued at approximately 151 million USD; source: https://twitter.com/ai_9684xtpa/status/1985879630675656983, addresses: https://intel.arkm.com/explorer/address/0xeC4125FACfe0E58f6B27dF7c49F6758e2adc93c2; https://intel.arkm.com/explorer/address/0x456FDB92da05AD88103E8b576b40EE672B70ad6D; https://intel.arkm.com/explorer/address/0x0Df8Be45cf6Cfbbf5B7984cF1829cf15E7A669CB; https://intel.arkm.com/explorer/address/0x5C8154a1777a0f99345e73b0eaF6FEA6E8cED4C2. The same source reports 63,423 ETH (about 204 million USD) remains on-chain associated with this cluster; source: https://twitter.com/ai_9684xtpa/status/1985879630675656983. These addresses and their transfer activity can be monitored via the Arkham Intelligence explorer links provided; source: https://intel.arkm.com/explorer/address/0xeC4125FACfe0E58f6B27dF7c49F6758e2adc93c2; https://intel.arkm.com/explorer/address/0x456FDB92da05AD88103E8b576b40EE672B70ad6D; https://intel.arkm.com/explorer/address/0x0Df8Be45cf6Cfbbf5B7984cF1829cf15E7A669CB; https://intel.arkm.com/explorer/address/0x5C8154a1777a0f99345e73b0eaF6FEA6E8cED4C2.

According to @OnchainLens, Richard Heart transferred 30,066 ETH (approximately $125.09 million) to a new wallet, with 29,804 ETH (approximately $124 million) routed via Tornado Cash, and cited the following addresses: 0x91E29CEA3CDe7866e679D19CC874d1196163230c, 0x1B5312E3E2ce21f65D0f1FB1785eCC0B392d1B1f, 0x0F92C105582b114145CD69d8a19eea5fB9A19749, and 0x7eecF3037B4b08f3f2198f6d59d5ca7eecaA723d (source: @OnchainLens on X, Oct 27, 2025). According to Tornado Cash documentation, the mixer obfuscates links between source and destination addresses, reducing traceability of subsequent ETH flows and complicating real-time sell-side monitoring (source: Tornado Cash documentation on GitHub). According to the U.S. Treasury OFAC press release dated Aug 8, 2022, Tornado Cash is under sanctions, implying centralized venues may apply stricter screening to related inflows, a factor traders consider when monitoring large transfers (source: U.S. Treasury OFAC press release, Aug 8, 2022). According to @OnchainLens, the disclosed addresses provide concrete points for on-chain tracking of any subsequent movements that could influence near-term ETH liquidity profiles (source: @OnchainLens on X, Oct 27, 2025).

According to @lookonchain, Richard Heart, founder of HEX, PulseChain, and PulseX, deposited 25,000 ETH approximately $102M into Tornado Cash within the past hour, based on on-chain monitoring, source: @lookonchain on X, Oct 26, 2025. Tornado Cash is designated by the U.S. Treasury’s OFAC, which increases compliance screening risk for related flows at exchanges and service providers, source: U.S. Department of the Treasury press release, Aug 8, 2022. Traders monitoring ETH can track subsequent wallet hops and any exchange inflows linked to this transfer to assess near-term liquidity and volatility, source: @lookonchain on X, Oct 26, 2025.

According to Onchain Lens, Richard Heart moved 11,558 ETH (about $46.91 million) into a new wallet at 0x7eecF3037B4b08f3f2198f6d59d5ca7eecaA723d and began transferring funds through Tornado Cash on Oct 26, 2025 (source: Onchain Lens on X; Arkham Intelligence address explorer for 0x7eecF3037B4b08f3f2198f6d59d5ca7eecaA723d). The use of Tornado Cash, a mixer designated by the U.S. Treasury’s OFAC for obscuring transaction origins, complicates downstream tracking and exchange-deposit detection for traders (source: U.S. Treasury/OFAC press release; Arkham Intelligence address explorer observations linked in the alert). Traders should monitor subsequent transfers from the 0x7eecF3...723d wallet and Tornado Cash-related flows to gauge potential changes in on-chain ETH supply using the Arkham Intelligence explorer referenced by the alert (source: Arkham Intelligence address explorer; Onchain Lens on X).

According to @ai_9684xtpa, an address allegedly tied to Richard Heart (HEX and PulseChain founder) moved 11,558 ETH to a new wallet roughly 15 minutes prior to the post and began batching transfers to Tornado Cash, following a 10,900 ETH deposit to Tornado Cash on Oct. 24 (source: @ai_9684xtpa, Oct 26, 2025). The receiving wallet 0x7eecF3037B4b08f3f2198f6d59d5ca7eecaA723d has already sent out 7,300 ETH valued at $29.56 million toward Tornado Cash, per the shared on-chain link (source: @ai_9684xtpa; Arkham Intel address 0x7eecF3037B4b08f3f2198f6d59d5ca7eecaA723d). The post notes these transfers tend to occur during market upswings, highlighting timing sensitivity for traders (source: @ai_9684xtpa). Tornado Cash is a mixer sanctioned by the U.S. Treasury for facilitating obfuscation of crypto flows, which complicates attribution of subsequent movements (source: U.S. Treasury/OFAC press release, Aug 8, 2022; Chainalysis 2023 Crypto Crime Report). For trading, monitor continued outflows from 0x7eecF3037B4b08f3f2198f6d59d5ca7eecaA723d and corresponding Tornado Cash inflows and set alerts to track whether mixed funds later appear at exchange-linked addresses via entity-tagged explorers (source: Arkham Intelligence explorer link provided by @ai_9684xtpa; Chainalysis analytics on mixer usage).

According to @ai_9684xtpa, a wallet the source attributes to Richard Heart, founder of HEX and PulseChain, transferred 115,580 ETH to a new address roughly 15 minutes before the report after previously routing 10,900 ETH to Tornado Cash on Oct 24, 2025. Source: @ai_9684xtpa on X, Oct 26, 2025. The receiving address 0x7eecF3037B4b08f3f2198f6d59d5ca7eecaA723d has already sent out 7,300 ETH in batches to Tornado Cash, worth about 29.56 million dollars at the time noted. Sources: @ai_9684xtpa on X and Arkham Intel address 0x7eecF3037B4b08f3f2198f6d59d5ca7eecaA723d. Based on the reported inflow and observed outflows, an estimated 108,280 ETH from this tranche could still be moved, which flow-focused traders may track intraday. Source: calculation from @ai_9684xtpa figures and Arkham Intel address activity. The source also observes these transfers have coincided with price upswings in prior instances and flags continued monitoring of further outflows. Source: @ai_9684xtpa on X. For real-time verification and tracking, monitor Arkham Intel address 0x7eecF3037B4b08f3f2198f6d59d5ca7eecaA723d. Source: Arkham Intel address page.

According to @ai_9684xtpa, Richard Heart-linked wallets that were dormant for two years redistributed ETH to 10 new addresses in the last hour, with address attribution and listings available via the Arkham Intelligence explorer. According to @ai_9684xtpa, the entity holds 154,825 ETH with an average acquisition cost of 3,779 USD per ETH, implying roughly 611 million USD in value and about 25.79 million USD in unrealized profit at current prices, while the intent of these transfers remains unspecified. According to Arkham Intelligence explorer and @ai_9684xtpa, the relevant wallet set has been compiled for monitoring so traders can track any subsequent exchange inflows from these addresses.

According to @lookonchain, wallets suspected to be tied to Richard Heart transferred 153,241 ETH (about $608M) to new wallets over the past 5 hours. According to @lookonchain, these wallets previously accumulated 162,937 ETH (about $619M) across 25 wallets between Mar 4–8, 2024 at an average purchase price of $3,800. According to @lookonchain, the 153,241 ETH moved equals roughly 94% of the 162,937 ETH previously accumulated. According to @lookonchain, related wallets also deposited 9,500 ETH (about $37.43M) into Tornado Cash over the past six months.

According to @EmberCN, a cluster of addresses suspected to be tied to Hex, PulseChain, and PulseX founder @RichardHeartWin transferred 81,000 ETH worth about $323 million within the past 5 hours, highlighting significant on-chain activity that traders track for potential liquidity impacts, source: @EmberCN. According to @EmberCN, the same address cluster reportedly purchased 132,000 ETH on-chain in March 2023 using 499 million DAI at an average cost of $3,770 per ETH, source: @EmberCN. According to @EmberCN, aside from 9,500 ETH sent through Tornado Cash over the past six months, the remainder of these holdings had largely stayed in place until this recent movement, source: @EmberCN. According to @EmberCN, the 81,000 ETH was redistributed across multiple wallets listed in the report, underscoring a notable consolidation or redistribution pattern rather than a single destination, source: @EmberCN. Based on the reported $323 million valuation for 81,000 ETH, the transfers imply a contemporaneous reference price near $3,990 per ETH, a figure derived from the author’s data, source: @EmberCN. Based on those figures, selling the transferred tranche at the implied price would equate to roughly $220 per ETH in gross profit versus the reported $3,770 average entry, or about $17.8 million across 81,000 ETH, calculation based on data from @EmberCN. According to @EmberCN, the thread does not indicate deposits to centralized exchanges or DEX routers, so the on-chain intent remains unconfirmed from the provided evidence, source: @EmberCN.

According to Eleanor Terrett, a judge has granted the motion filed by Richard Heart's lawyers to dismiss the SEC's charges against him. This decision differs from previous dismissals that originated from the SEC itself. The SEC now has 20 days to respond with a new filing, which could impact the regulatory landscape and trading sentiment around related cryptocurrencies.