A crypto whale has lost roughly $38 million after an attacker took control of a multisig wallet and quietly drained its funds earlier today.
The case is drawing close attention because the attacker not only moved assets through Tornado Cash but also retained control of a leveraged DeFi position tied to the compromised wallet.
Multisig Drained After Private Key Compromise
Blockchain security firm PeckShield reported on X on December 18 that a whale’s wallet was emptied after a private key was exposed, leading to losses of about $27.3 million at first glance. Follow-up on-chain tracking showed the total damage climbed closer to $38 million once related wallets and positions were included.
According to PeckShield, the attacker has already sent 4,100 ETH worth about $12.6 million, through Tornado Cash in an apparent effort to obscure the trail. Around $2 million remains in liquid assets. More concerning, the attacker still controls the victim’s address, which holds a leveraged long pos
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