2024-06-10
On June 8, 2024, Orbit Chain hacker that stole $100 million in ETH and
DAI from Orbit Chain's cross chain-bridge, responsible for the exploit
over New Year’s Eve 5 months ago, began to move a significant amount of the
stolen funds to Tornado Cash.
$47.7 million in Ether (ETH) was transferred to Tornado Cash, a cryptocurrency privacy mixer.
The funds were moved across seven
transactions on June 8, 2024.
This movement comes after a period of
five months of inactivity since the hack happened.
The total loss from the exploit was
initially reported as $82 million, but recent updates suggest it might be
closer to $100 million.
The exploiter’s balance now stands at
$71.2 million, including $51.1 million in Ether and smaller amounts in other
cryptocurrencies.
Orbit Chain had confirmed the exploit
and has been working with international law enforcement agencies.
