The KuCoin hacker started to mix his Ethereum through 100 ETH batches on Tornado cash. He has about $4.8 million in the wallet. So far sent about 2800 ETH to Tornado but will likely keep going until it's all in there.
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Address here:
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Ok, upon closer evaluation, this is not the first time the KuCoin hacker used Tornado cash. This is just the first time he did it from the public address and not from the side ones. Check here:
1. etherscan.io/address/0x443e
2. etherscan.io/address/0x820a
3. etherscan.io/address/0x3781
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What the hacker did:
1. steal all ERC-20 tokens from KuCoin
2. convert the permissionless ones to ETH using Uniswap (and sometimes Kyber)
3. Disperse the ETH to multiple addresses
4. Start using Tornado cash to mix the amounts and then likely cash-out
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I'd be shocked if the hacker didn't mess up and doxx himself in the process. The amount of ETH in Tornado cash is still quite small and this is likely more than 10k ETH that was sent there just from the hacker. I guess we might find out at some point
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If we look at the total amount of ETH in Tornado Cash pool, the KuCoin hacker could be as much as a third of all ETH there. Maybe already withdrew something but still. This is a terrible idea
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“All of it” would end up being ~33% of the 100ETH pool on tornado. Getting such a huge chunk out of there in 100ETH chunks while remaining undetected would be very hard. We’ll see
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Extremely dummies about tornado . so, what comes out of this? He sends the ether. Ether gets in the mixture. No one can trace it any more. What does he get in return - eth?
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