Add as a preferred source on Google430.2 Ether Sent to Tornado Cash After Tether Freezes Funds
The transfer followed Tether’s freeze of funds connected to a $90 million Ledger distributor incident. The wallet cluster still held about $70.6 million in tracked assets.
A wallet cluster associated with a $90 million Ledger distributor incident transferred 430.2 Ether (ETH), worth about $1.07 million, to Tornado Cash through four wallets on Oct. 9.
The movement followed Tether’s freeze of funds connected to the incident. The wallet operator also converted some USDT into USDD through SUN.io and USDD’s PSM, while part of the funds moved into a Binance hot wallet.
The tracked wallets held about $70.6 million in total assets. That included 11,406 ETH valued at $28.35 million, 213.371 Bitcoin (BTC) worth $17.65 million, 13.646 million USDD worth $13.65 million and 10.909 million USDT worth $10.91 million.
Onchain Lens urged Binance to investigate the transfers and freeze accounts connected to the stolen funds.
Simon Yoon
ReporterSimon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.