Balancer Hacker Launders $6.36M in ETH via Tornado Cash

A significant development has emerged in the ongoing Balancer hacking saga as the hacker behind the theft laundered a whopping $6.36 million worth of Ethereum (ETH) through Tornado Cash. Key points include: **The Hacker:** A hacker associated with the Balancer protocol transferred 2,000 ETH to Tornado Cash. **Amount Laundered:** The transaction represents a significant laundering effort, effectively erasing the origin of funds. **Abandonment of Negotiations:** This move signals that the hacker is no longer pursuing negotiations for returning stolen assets. **Market Implications:** The act has already sparked concern about asset recovery and security protocols within the DeFi space. **Expert Analysis:** On-chain analyst Yu Jin from Onchain Lens notes the suspicious transfer, suggesting the use of Tornado Cash for obfuscation. **Lack of Official Response:** Balancer’s core team remains silent on this incident, fueling investor anxieties. The event has implications for both security and recovery efforts within DeFi, potentially leading to increased scrutiny by regulators.