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Orbit Chain Hacker Transfers $47.7M in Ether to Tornado Cash After Months of Silence

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Cointelegraph
538Words
Jun 9, 2024

The hacker responsible for the $82 million Orbit $Chain hack on New Year’s Eve has moved $47.7 million in Ether to Tornado Cash after five months of inactivity. This movement involved 12,932 Ether across seven transactions on June 8. The funds were transferred to a new address before being sent to the cryptocurrency privacy mixer. Despite the initial reports of an $82 million loss, Arkham Intelligence now estimates the damage at about $100 million. The hacker still holds $71.2 million, including various cryptocurrencies. Orbit $Chain confirmed the exploit on January 1 and is offering an $8 million reward for information leading to the recovery of the stolen assets.

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