Wallet Linked to Drift Exploit Sends $61 Million in Ethereum to Tornado Cash

Wallet Linked to Drift Exploit Sends $61 Million in Ethereum to Tornado Cash

Ad

The North Korea-linked attacker behind April's $295 million Drift heist pushed 25,700 ETH through the mixer in two hours, and still controls roughly $198 million more.

In brief Wallets tied to the April 1 Drift exploit deposited 25,700 Ethereum, worth about $61.56 million, into Tornado Cash over two hours on Tuesday. Arkham data shows the exploiter’s 71 tracked addresses still hold 81,454 ETH, worth roughly $198 million, after a first 23,095 ETH round in July. Drift’s DFX recovery pool held about 3.1 million USDT when claims opened Oct. 1, paying early redeemers roughly a penny per dollar lost. Wallets tied to April’s $295 million Drift Protocol exploit pushed 25,700 Ethereum, worth about $61.56 million, into the crypto mixer Tornado Cash over roughly two hours on Tuesday. The addresses had been quiet for about two months before the burst. Transfer data from Arkham Intelligence shows the deposits landing in batches of 100 ETH, about $237,800 each, plus smaller 10 ETH chunks. Those sizes match the mixer’s fixed deposit pools, which let users pull funds out later from fresh addresses and break the public link between sender and receiver. Myriad: Where does Ethereum go next? Click to make your prediction . Arkham’s entity page, which tracks 71 addresses linked to the attacker, still shows 81,454 ETH sitting in those wallets after Tuesday’s deposits, worth roughly $198.58 million at current prices. Besides that ETH stash, the wallet holds around $561.6K in other coins like USDT, USDC, Solana, and USDY. Tuesday’s deposits follow a first round on July 23 and 24, when an address labeled Drift Exploiter 4 sent about 23,095 ETH, then worth around $44.4 million, into the same mixer. Drift exploiter wallet movements. Image: Arkham The April 1 exploit hit Drift’s vaults on Solana after the attacker gained admin powers, introduced a fake token and used it to borrow out real liquidity. Drift’s own asset breakdown puts the haul at $295.7 million, led by $159.3 million in JLP—the Jupiter Liquidity Provider token—and $71.4 million in USDC, most of which was later swapped and bridged to Ethereum. Arkham’s portfolio view still lists exactly one Fartcoin in the exploiter’s holdings, worth about 15 cents, a long way from the $4.1 million in Fartcoin that Drift says was taken in April. Bitcoin BTC · USD $82,791 − 0.75 % 24H 7D 1M 1Y YTD Oct 13 Oct 15 Oct 17 Oct 19 Oct 20 $83.7k $82.6k $81.4k $80.2k 24h High High $83,249 24h Low Low $81,155 Vol Vol $1.1B Market projections Odds by Myriad This week Above $82,000 Above $82k 62 % chance → Buy Bitcoin with USDT Powered by Jupiter $ 50 $ 100 $ 500 Buy Price data by CoinGecko CoinGecko More Bitcoin news and projections → Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more. Email address Join free Join 72,000+ readers Create an account to save your articles. Add on Google Add Decrypt as your preferred source to see more of our stories on Google.

Read Full Article at Decrypt →

Ad

Related Ban Pages