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The notorious address linked to the 2021 Uranium Finance hack was caught in another financial move, transferring $3.1 million from BNB Chain to ethereum (eth).
The main address linked to the April 2021 Uranium Finance hack has moved another batch of funds again, bridging $3.1 million in BUSD from BNB Chain to ethereum and laundering $1.89 million into Tornado Cash.
Leading blockchain security company Peck Shield was the first to draw attention to today’s latest move. The Peck Shield revelation came as the exploiter had moved just $10,000 in BUSD to the ethereum network using Stargate, a cross-chain bridging protocol.
Following the Peck Shield alert, the blow has moved more BUSD tokens to ethereum. They collected 500,000 BUSD in six separate transactions and 100,000 BUSD in one transaction, which is equivalent to 3.1 million BUSD.
The recent transactions, which occurred for more than an hour today, have sparked speculation among cryptocurrency advocates. After the transfers, the exploiter’s address on the BNB chain now has over $15 million worth of BUSD and Wrapped BNB (WBNB).
Specifically, management currently holds $10.29 million in BUSD and 22,185 WBNB valued at $4.73 million. Furthermore, at the time of reporting, its address on the ethereum network has 824 Ether (eth) worth $1.3 million, $12,980 in USDC, and $12,487 in USDT.
Interestingly, shortly after joining the 3.1 million BUSD to the ethereum network, the hacker moved 1,200 eth (worth $1.89 million) to the Tornado Cash cryptocurrency mixing resource. These eth tokens were transferred in 12 transactions of 100 eth each, between 7:32 am and 8:09 am (UTC) today.
Previous moves
The latest fund flow comes 61 days after management laundered 1,100 eth through Tornado Cash in August. Interestingly, the exploiter also transferred 530 eth to Tornado Cash in July, 670 eth in June, and 650 eth in May.
These transactions have followed a similar pattern throughout this year. Notably, the first batch of transfers occurred in March, when the exploiter leveraged a different address to transfer 2,250 eth (worth $3.35 million at the time) to Tornado Cash.
The first batch of transactions came almost two years after Uranium Finance fell victim to the attack. Recall that the exploiter drained $50 million in crypto assets from the protocol in April 2021. The hacker exploited a vulnerability in Uranium Finance pair contracts.
