Deribit hackers move stolen Ether to crypto mixer Tornado Cash

Hot wallet hacker Deribit transferred 1,610 ETH (over $2.5 million) to Tornado Cash, according to data from the Ethereum block explorer Etherscan.< /p> New

In the wake of the $28 million Deribit hack, the unknown exploiter is moving stolen funds using the decentralized cryptocurrency mixer, Tornado Cash.

Hot wallet hacker Deribit transferred a total of 1,610 Ether (ETH), or about $2.5 million, to Tornado Cash, according to data from Ethereum block explorer Etherscan.

Funds were transferred in 17 transactions, with the first outgoing transaction occurring on November 5, just days after Deribit was hacked.

The amount of funds transferred to Tornado Cash is only a fraction of all the ETH stolen from the hacker's address, as his balance stood at 7,501 ETH ($11.8 million) at the time of writing. The hacker originally sent 9,080 ETH to the address on November 2.

Blockchain analytics platform PeckShield initially reported outgoing Tornado Cash transactions on November 5th. At the time, the amount of funds leaving the hacker's ETH wallet was around $350,000.

Deribit has officially announced that its platform suffered a wallet hack on November 2, losing a total of $28 million in multiple cryptocurrencies, including Bitcoin (BTC), ETH, and USD Coin (USDC). The exchange had to stop all withdrawals to provide adequate security following the hack, promising to cover all losses.

The platform then resumed regular withdrawals for BTC, ETH, and USDC on November 2, migrating all hot wallets to the Fireblocks digital asset security platform. Deribit stressed that users should not send funds to their previous...