Over $2.5M in ETH Transferred to TornadoCash

In a recent turn of events in the blockchain world, a mysterious figure behind the Polynetwork exploit has made significant moves, raising concerns and questions about the networks’ security. The exploit, initially detected by PeckShield, has captured the attention of Web3 watchdogs as millions of dollars worth of Ethereum (ETH) continues to change hands.

PeckShield, a reputable blockchain monitor, first reported that the exploiter’s labeled address, 0xdBDA, transferred 801 ETH, valued at approximately $1.3 million, to a new address, 0xdBDA…874d.  This came after the exploiter encountered difficulties in transferring ETH to TornadoCash. Additionally, PeckShield noted that block data on Polygon was not up to date on polygonscan, adding an element of uncertainty to the situation.

Movements into Tornado cash

However, the plot thickened when the Web3 watchdog updated the situation. Using the same labeled address 0xdBDA, the exploiter transferred a whopping 1,500 ETH, equivalent to around $2.5 million, to the privacy-focused DeFi protocol, TornadoCash. 

The Polynetwork exploit has been intensely scrutinized since it was first discovered. As the exploit’s actions evolve, security experts, developers, and the broader blockchain community are left pondering the motivations and implications behind these transactions. The exploiter’s ability to move such substantial sums of ETH underscores the importance of maintaining robust security measures within the blockchain ecosystem.