Analyst Links Another 3,500 ETH Tornado Cash Transfer to Pando Rings Hack

On-chain analyst 余烬 linked another 3,500 Ether (ETH) transfer through Tornado Cash to the Pando Rings attacker, putting about $7.42 million in crypto through the service.

The movement was tied to wallet address 0x303...3d9F. It was observed around 9:28 a.m. ET (14:28 UTC) Monday, Nov. 9.

The 3,500 ETH amount and the $7.42 million estimate describe the same transfer, giving its size in ETH and its reported value in dollars. The analyst characterized it as another laundering move tied to Pando Rings, signaling earlier activity associated with the attacker.

The address, amount and valuation identify the reported movement: 3,500 ETH passed through Tornado Cash and was linked to the Pando Rings attacker. The $7.42 million estimate applies to that transfer, while the wallet is shown only in shortened form.