From SHIB to ETH to Tornado: How Bitrue’s stolen crypto is finally on the move

• Bitrue hacker resurfaces after a year, laundering millions through Tornado Cash mixer
• Hot wallet risks reignite after Bitrue and KiloEX hacks shake crypto industry trust
• Blockchain analysts trace Bitrue hacker’s moves as laundered funds re-enter Ethereum markets

The hacker behind the $23 million Bitrue exchange breach has resurfaced, moving and laundering a significant portion of the stolen crypto after lying low for nearly a year. 

Blockchain analytics firm Onchain Lens reported that the attacker recently offloaded $2.88 million worth of Shiba Inu (SHIB) and Holo (HOT) tokens to acquire 1,511 ETH at an average price of $1,911 per ETH.

Following the conversion, the hacker laundered 1,050 ETH—approximately $1.89 million—through Tornado Cash, a decentralized crypto mixer known for obfuscating fund flows. Despite the transactions, …

The post From SHIB to ETH to Tornado: How Bitrue’s stolen crypto is finally on the move appeared first on Coin Edition.