Bitrue Hacker Resurfaces After $23 Million Theft: Funds Laundered Through Tornado Cash

A hacker who previously stole $23 million from Bitrue Exchange has returned to activity, moving a substantial sum of stolen crypto through the decentralized mixing service Tornado Cash. Blockchain analysts are tracking the individual’s activities, revealing over 5,000 ETH and 16 million DAI in holdings still active despite recent laundering efforts. 2.88 million USD worth of Shiba Inu and Holo tokens were sold following the theft, with proceeds used to purchase 1,511 ETH at an average price of $1,911 per ETH. Shortly after, about 1,050 ETH, valued at nearly $1.89 million, was laundered using Tornado Cash. 2024 saw Bitrue face a significant attack, losing around $23 million in various cryptocurrencies and leading to renewed security concerns.