In a riveting turn of events, HECOBridge exploiters recently moved over 40K ETH to Tornado Cash, echoing a sense of frenzy across the crypto horizon. Following ETH’s restricted movement observed over the past few days, these colossal ETH transfers unveiled by PeckShieldAlert promptly nabbed significant investor attention, birthing speculations over the transfers potentially being one of reasons for ETH’s weekly dip.
#PeckShieldAlert As of today (22 Mar. 2024, UTC), #HECOBridge exploiters – labeled addresses – have transferred ~$40,391.8 $ETH (equivalent to ~$145.7m) to #TornadoCash within the last 8 days pic.twitter.com/ZfrDvbRQCm
— PeckShieldAlert (@PeckShieldAlert) March 22, 2024
HECOBridge is an on-chain bridge that facilitates the transfer of funds between the Ethereum network and Heco Chain, HTX’s blockchain. Following its exploitation as of late November 2023, a significant loss of funds was reported, evaluating nearly $86 million.
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