Fraud Case of 282 Million USD: Hacker Moves 800 ETH Through Tornado Cash

MEVSandwichMaker · 2026-01-31T16:01:17+00:00

A recent CertiK Alert investigation revealed that the attackers behind a massive cryptocurrency scam, involving over 19 quintillion dollars, have begun moving the stolen assets. They transferred 800 ETH to Tornado Cash and over 19 quintillion to a new wallet, indicating efforts to hide their tracks. The incident originated from a social engineering attack involving hardware wallets, with stolen funds converted into Monero, which temporarily caused its price to spike. The hackers also moved Bitcoin across multiple blockchains, demonstrating their strategy to conceal the origins and make the stolen assets more difficult to trace.

MEVSandwichMaker

2026-01-31 16:01:17

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A recent blockchain investigation revealed by CertiK Alert shows that the perpetrators behind the $282 million scam have started moving the stolen assets. According to a report from Foresight News, the hacker transferred 800 ETH to Tornado Cash—a popular mixing service used to obscure transaction traces. Additionally, approximately $63 million was moved to a new wallet, indicating efforts to disperse the assets to avoid detection.

This event originated on January 11th around 7:00 AM, when the well-known chain tracker ZachXBT discovered a user who lost over $282 million in LTC and BTC through a social engineering attack involving a hardware wallet. The attackers then quickly converted the stolen funds into Monero— a privacy-focused cryptocurrency—using various instant exchanges. This process caused a temporary spike in XMR’s price.

Part of the stolen BTC was also transferred across multiple blockchains, including Ethereum, Ripple, and Litecoin, via THORChain—a cross-chain exchange protocol. This move demonstrates the hackers’ sophisticated strategy to split the assets into different locations and formats, helping them conceal the origin and access routes.

ETH-13,04%

LTC-11,29%

BTC-7,62%

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