Orbit Hacker sends $32,000,000 worth of Ethereum (ETH) to Tornado Cash: on-chain data

The hacker who attacked cross-chain decentralized protocol Orbit Bridge in December is starting to move stolen crypto.

Arkham, the platform for deanonymizing digital assets Remarks that the hacker moved 8,671 Ethereum (ETH) worth $32 million to a new address and is in the process of depositing the crypto stack into Tornado Cash, a controversial coin-mixing service that facilitates anonymous transactions of digital assets.

The exploiter stole over $100 million in crypto from Orbit Bridge in late December and still holds $66 million in ETH and over $20 million in stablecoins. DAI And USDT.

Orbit Bridge serves as a bridging service for Orbit Chain (ORC), a cross-chain platform focused on scalability.

Following the breach, the Orbit Chain team sent notifications exhorting the hacker must trade before 10:00 a.m. on January 11. The hacker did not respond, however, leading the project to offer up to $8 million to anyone who can provide information that helps identify the hackers or recover stolen funds.

Orbit Chain’s native token, ORC, is trading at $0.00669 at the time of writing and is down more than 90% from its December price, according to CoinGecko.

United States sanctioned Tornado Cash in 2022 for national security purposes. One of the project’s founders, Roman Storm, was arrested last year and slapped charges linked to the alleged laundering of $1 billion in criminal proceeds, including hundreds of millions of dollars for the Lazarus Group, the sanctioned North Korean cybercriminal company.

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