Hupzy (Spot On Chain)|Jul 23, 2026 07:26
๐จ The hacker behind the $๐ฎ๐ด๐ฑ๐ ๐๐ฟ๐ถ๐ณ๐ ๐ฃ๐ฟ๐ผ๐๐ผ๐ฐ๐ผ๐น ๐ฒ๐
๐ฝ๐น๐ผ๐ถ๐ has begun laundering stolen funds through TornadoCash โ ๐ฑ,๐ด๐ฌ๐ฌ ๐๐ง๐ (~$๐ญ๐ญ.๐ญ๐ฐ๐ ) moved in the first 20 minutes.
The original April 2 exploit targeted Solana-based Perp DEX Drift. The attacker bridged stolen assets to Ethereum and converted them to ๐ญ๐ฎ๐ต,๐ฌ๐ฒ๐ฒ ๐๐ง๐ (~$๐ฎ๐ณ๐ด๐ ) at ~$2,154 avg. That ETH sat dormant for 3 months โ the laundering phase is now live.
Hacker wallet cluster: https://arkm.com/explorer/entity/ed967ba8-96ee-44ba-9a2f-edfd3dfd5a0c
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: $285M is one of the largest exploits of 2026. The hacker holds 129,066 ETH ($278M) โ if laundering accelerates and funds reach exchanges, this is significant potential ETH sell pressure. The 3-month dormancy before laundering suggests careful preparation; watch TornadoCash deposit pace as a leading indicator of imminent selling.
source: EmberCN
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