The Deribit hot wallet hacker has transferred a total of 1,610 Ether or around $2.5 million, to Tornado Cash, according to data from the Ethereum block explorer Etherscan. The funds were transferred in 17 transactions, with the first outgoing transaction occurring on Nov. 5 just a few days after Deribit suffered the hack.
The amount of funds moved to Tornado Cash is just a fraction of all stolen ETH on the hacker’s address, as its balance amounts to 7,501 ETH. The hacker initially sent 9,080 ETH to the address on Nov. 2.
The blockchain analytics platform PeckShield initially reported on the outgoing Tornado Cash transactions on Nov. 5. At the time, the amount of funds leaving the hacker’s ETH wallet was just about $350,000.
Deribit officially announced that its platform suffered a hot wallet hack on Nov. 2, losing a total of $28 million in several cryptocurrencies, including Bitcoin,ETH and USD Coin The exchange had to halt all withdrawals in order to ensure proper security in the aftermath of the hack, promising to cover all the losses.
The platform subsequently resumed regular withdrawals for BTC, ETH and USDC on Nov. 2, migrating all hot wallets to the digital asset security platform Fireblocks. Deribit stressed that users should not send funds to their previous BTC, ETH and USDC addresses and use new Fireblocks deposit addresses instead.
