A post by @lookonchain on X.
After over 3 years of inactivity, a wallet (possibly linked to a hacker) spent 4.16M $DAI to buy 1,734.1 $ETH and deposited it into #TornadoCash.
@lookonchain on X
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A dormant wallet, possibly tied to a past exploit, broke more than three years of silence by spending 4.16 million DAI to acquire 1,734.1 ETH and immediately depositing the ether into Tornado Cash, according to on-chain tracker Lookonchain. The transaction implies an average purchase price of roughly $2,399 per ETH. The move matters because Tornado Cash is widely used to obscure transaction trails, so the deposit may signal that the wallet’s owner is preparing to move long-idle funds or cash out. It also revives attention on whether the address belongs to a hacker who has been waiting for market conditions to shift. Traders will watch whether the ETH is withdrawn from Tornado Cash into a fresh wallet, a common precursor to selling or reallocating.
Muhabbit's AI wrote this summary of @lookonchain's post in its own words. It can get details wrong, so read the post on X.
Named in this story
Tornado Cash, ETH (ETH), DAI, Lookonchain
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