ChainCatcher reported, citing monitoring by PeckShield, that an address linked to the UXLINK attacker has made a new series of on-chain fund movements. The address swapped approximately 14.6 million DAI for 8,298.6 ETH, converting a large stablecoin position into Ethereum-denominated assets. Because of the size of the transfer and conversion, the movement falls under whale activity tracking.
ETH Deposited Into TornadoCash and Bridged to a BTC Address
After the swap, the attacker deposited 8,340 ETH into TornadoCash. The same address also bridged 2.64 ETH, worth about $4,630 according to the monitoring update, from Ethereum to a BTC address. The reported sequence therefore includes three separate on-chain actions: the DAI-to-ETH swap, the deposit of ETH into TornadoCash, and the bridge transfer from Ethereum to a BTC address.
PeckShield’s monitoring also shows that the attacker still holds 10.54 million DAI. In other words, even after converting about 14.6 million DAI into 8,298.6 ETH, the related address continues to retain a large DAI balance. ChainCatcher’s update is based on the monitored on-chain data and records the latest known movement of funds associated with the UXLINK attacker address.