- Activity over the past week from the exploiter’s main address – tagged Ronin Bridge Exploiter on tracking service Etherscan – apparently shows that more than 21,000 ethers were moved in several transactions to different wallets.
- Data shows these funds were then moved to privacy exchange Tornado Cash. The exploiter seemed to have made several trades of 100 ethers each from all those wallets, data apparently shows.
- The funds moved to Tornado Cash are worth upward of $65 million at current prices.
- Tornado enhances the privacy of transactions by breaking the on-chain link between a source and a destination address. This allows exploiters and hackers to mask their addresses while withdrawing illicitly gained funds.
- The main wallet continues to hold upward of 151,055 ether, worth $461 million at current prices, at the time of writing.
- Ronin Network was hit by a $625 million exploit in March that affected Ronin validator nodes for Sky Mavis, the publisher of the popular Axie Infinity game, and the Axie DAO. Ronin makes software that allows gamer to transfer digital assets from the game to different blockchains.
- The attacker “used hacked private keys in order to forge fake withdrawals” from the Ronin bridge across two transactions, as seen on Etherscan, Ronin said in a blog post on Substack.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.