On 11 September, a wallet linked to the Poly Network breach began moving the stolen funds. PeckShield analysts noted the activity.
#PeckShieldAlert The #Polynetwork exploiter-labeled address has transferred 801 $ETH to a new address 0xdBDA…874d after failing to transfer $ETH to #TornadoCash pic.twitter.com/pRY0UccZJ5
— PeckShieldAlert (@PeckShieldAlert) September 11, 2023
Initially the hacker moved 801 ETH and 698 ETH in two transactions to a new address. From there he sent 1,500 ETH (~$2.5m) to the Tornado Cash cryptocurrency mixer.
Update: The #Polynetwork exploiter 0xdBDA-labeled address has transferred 1,500 $ETH (~$2.5M) to #TornadoCash pic.twitter.com/113au421yg
— PeckShieldAlert (@PeckShieldAlert) September 11, 2023
Earlier in July, unknown attackers targeted the Poly Network and issued tokens worth tens of billions of dollars across several blockchains.
According to PeckShield, at one point the hackers’ wallet held assets totaling $42.8 billion.
According to experts, the hackers managed to compromise three of the four private keys of the multisignature addresses used to control the smart contract.