$85 million stolen from Phemex begins to flow, some into Tornado Cash

Odaily News According to Global Ledger analysis, $85 million of stolen funds from the crypto trading platform Phemex are flowing through a series of transfers, protocols, and mixing services. Hackers began to split the funds into multiple new addresses and transferred them to the Tornado Cash mixer. The first batch of 2,080 ETH (about $6 million) has been dispersed to 14 new addresses, and the current main attack wallet has less than 4,000 ETH remaining. The transfer method involves multiple jumps and cross-chain interactions. In addition to direct transfers to Tornado Cash and eXch mixers to anonymize funds, hackers sometimes use platforms such as Wintermute, DLN Trade Protocol, and THORChain to exchange assets.