ChainCatcher, citing on-chain analyst Ember, reported that a hacker address bought 18,273 ETH over the past five hours using 38.535 million DAI and USDS, at an average purchase price of $2,109. The stablecoins used in the transaction were traced back to holdings created after the address sold ETH about nine months ago. According to the report, those earlier ETH funds had originally been received from Tornado Cash. The hacker later sold the ETH at an average price of about $3,308 and converted the proceeds into DAI and USDS for holding. During today’s ETH rebound, the address moved back into ETH, completing a round-trip trade from ETH to stablecoins and then back to ETH.
ChainCatcher reported, citing on-chain analyst Ember, that a hacker address spent 38.535 million DAI and USDS over the past five hours to buy 18,273 ETH at an average price of $2,109.
The stablecoins used for the purchases came from ETH that the address had received from Tornado Cash nine months ago. The report said the hacker later sold that ETH at an average price of about $3,308 and converted the proceeds into DAI and USDS.
The address bought back ETH during today’s rebound in the asset.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
