Ronin Network (RON) Hacker Moved $90 Million to Tornado; How Much Is on Exchanges?

Axie

Which exchanges are used by Ronin Network (RON) hacker? And does he have much to sell?

CertiK, a leading cybersecurity firm, has released a diagram to display the strategy of the most successful hacker in DeFi history. Looks like he’ll keep trying to wash off the loot.

Certik tracked assets stolen by Ronin hacker: Check out the results

As per the statement by @CertiKAlert account that is used by CertiK for immediate notifications, the loot of the Ronin Network (RON) hacker is divided into three clusters.

The first group, which totals $20.7 million in equivalent, is already sent to various centralized exchanges. Namely, hackers are trying to sell their loot on FTX and Huobi, two CEX heavyweights.

Then, almost $90 million in equivalent were transferred to Tornado Cash, the most popular mixer service utilized to obfuscate the history of crypto tokens.

The vast majority of cryptos obtained by a hacker are still stored in his account: 459 million dollars in equivalent are dormant as of today, April 14, 2022.

New assets are being transferred to Tornado Cash every day

As covered by U.Today previously, the hack of Axie Infinity’s sidechain, Ronin Network (RON), is the largest hacker attack in the history of the DeFi segment.

The net sum of losses eclipsed $625 million. To prevent this from happening again, Sky Mavis, the company behind Axie Infinity (AXS) and its sidechain Ronin Network (RON), has launched an unprecedented $1 million bug bounty campaign.

The attackers are sending Ethers to Tornado every day; they are divided into 1,000-3,000 Ether portions.

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