Cash

Ethereum

motion

Tornado Cash

Tornado

<p>CertiK has flagged fresh on-chain movement linked to the <strong><a href="https://www.ethnews.com/crypto-whale-loses-282-million-in-2026s-largest-social-engineering-theft/" rel="noopener noreferrer nofollow">$282 million</a></strong> compromise that occurred on January 10, with a portion of the stolen funds now actively flowing through Tornado Cash.</p><p>According to CertiK’s tracking, approximately $63 million has already been set in motion as the attackers begin laundering operations.</p><h3 id="how-the-funds-are-moving">How the Funds Are Moving</h3><p>On-chain data shows the process unfolding in clear stages:</p><p><img class="aligncenter size-full wp-image-349495" src="https://www.ethnews.com/wp-content/uploads/2026/01/G_A700YW0AE6oHS.png" alt="" width="819" height="699"></p><ul><li>The attacker first consolidated large balances in Bitcoin and Litecoin wallets, including more than 1,100 BTC and 2.05 million LTC.</li><li>Roughly 686 BTC was then bridged to Ethereum via ThorSwap, converting into 19,632 ETH.</li><li>From there, the ETH was distributed across multiple Ethereum wallets, with repeated 400 ETH transfers, a pattern commonly associated with obfuscation.</li><li>The flow ultimately leads into Tornado Cash, signaling the start of active fund anonymization.</li></ul><div class="read-more tdi_7"><div class="td_module_flex td_module_flex_1 td_module_wrap td-animation-stack td-cpt-post td-module-exclusive"><div class="td-module-container"><div class="td-image-container"><div class="td-module-thumb"><a class="article row text-decoration-none" href="https://www.ethnews.com/bitcoin-slips-toward-92600-as-silver-breaks-higher-on-risk-off-shift/" rel="noopener noreferrer nofollow"><span class="td-image-wrap"></span></a></div></div><div class="td-module-meta-info"><h3 class="entry-title td-module-title" id="a-href-https-www-ethnews-com-bitcoin-slips-toward-92600-as-silver-breaks-higher-on-risk-off-shift-rel-noopener-noreferrer-nofollow-bitcoin-slips-toward-92-600-as-silver-breaks-higher-on-risk-off-shift-a"><a href="https://www.ethnews.com/bitcoin-slips-toward-92600-as-silver-breaks-higher-on-risk-off-shift/" rel="noopener noreferrer nofollow">Bitcoin Slips Toward $92,600 as Silver Breaks Higher on Risk-Off Shift</a></h3></div></div></div></div><h3 id="why-this-matters">Why This Matters</h3><p>The use of Tornado Cash strongly suggests an attempt to break transaction traceability, reducing the likelihood of recovery. The decision to bridge assets cross-chain before mixing further complicates forensic efforts, as it fragments liquidity and introduces multiple protocol layers.</p><p>While only $63 million has moved so far, the broader $282 million pool remains at risk of entering similar laundering paths if not intercepted.</p><p>For now, CertiK continues to monitor the wallets involved, as any acceleration in mixer deposits could indicate the attackers are preparing to fully exit the remaining funds.</p><p>The post <a href="https://www.ethnews.com/63m-from-282m-january-hack-begins-moving-through-tornado-cash/" rel="noopener noreferrer nofollow">$63M From $282M January Hack Begins Moving Through Tornado Cash</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.</p>

$63M From $282M January Hack Begins Moving Through Tornado Cash

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