Stolen Ethereum Transferred Through Tornado Cash, Value Surges by Over $46 Million

A recent hack of the Orbit Chain network in early 2024 has resulted in a hacker moving 4,320 ETH, worth approximately $18.8 million at current prices, through the controversial cryptocurrency mixer Tornado Cash. Following the theft, the hacker converted a significant portion of the stolen funds into ETH at an average price of $2,301 per coin. This move coincided with a surge in ETH’s value to double its initial value. 46.5 million dollars has been added to their total assets since the initial theft.