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Tectonic attacker moves escaped ETH into Tornado Cash

Published Source: CryptoPolitanRead original

Crypto Insight Summary: According to PeckShield, the address associated with the Tectonic hack sent approximately 2,658.9 ETH, equivalent to $6.65 million, into Tornado Cash on September 3, UTC time. This transaction is a significant part of the money that was unrecovered by Cronos after validators rolled back the chain after the incident on August 30. The destination is... Crypto Insight Analysis: Direction: Bearish ETH Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: ETH outflows to Tornado Cash raise regulatory concerns and may pressure prices.

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Tectonic attacker moves escaped ETH into Tornado Cash — Crypto Insight