coin-img-ETHETH-0.13%coin-img-BTCBTC-0.54%coin-img-SOLSOL+0.14%coin-img-USDCUSDC-0.01%coin-img-XRPXRP-0.33%coin-img-FLYAIFLYAI-84.16%coin-img-HYPEHYPE+0.03%coin-img-TRXTRX-0.45%coin-img-ETHETH-0.13%coin-img-BTCBTC-0.54%coin-img-SOLSOL+0.14%coin-img-USDCUSDC-0.01%coin-img-XRPXRP-0.33%coin-img-FLYAIFLYAI-84.16%coin-img-HYPEHYPE+0.03%coin-img-TRXTRX-0.45%coin-img-ETHETH-0.13%coin-img-BTCBTC-0.54%coin-img-SOLSOL+0.14%coin-img-USDCUSDC-0.01%coin-img-XRPXRP-0.33%coin-img-FLYAIFLYAI-84.16%coin-img-HYPEHYPE+0.03%coin-img-TRXTRX-0.45%coin-img-ETHETH-0.13%coin-img-BTCBTC-0.54%coin-img-SOLSOL+0.14%coin-img-USDCUSDC-0.01%coin-img-XRPXRP-0.33%coin-img-FLYAIFLYAI-84.16%coin-img-HYPEHYPE+0.03%coin-img-TRXTRX-0.45%

UPDATE: Drift Protocol $285M hacker resurfaces after three months, funnels ETH to Tornado Cash in 100-ETH bursts

AI Market Summary
Arkham data indicating the Drift Protocol $285M exploiter has resumed activity after three months, routing ETH into Tornado Cash in 100 ETH batches, revives counterparty and compliance concerns. The flow suggests renewed laundering risk and can increase near-term uncertainty around affected DeFi venues, on-chain forensics, and potential enforcement actions. Market sensitivity may rise for ETH and DeFi risk premia as monitoring intensifies.
Impact level
● Medium
Affected assets
ETH/USDT-0.20%
AI Insight · ETH/USDTAI Insight
▼ Bearish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
UPDATE: The exploiter tied to Drift Protocol's $285 million hack has begun moving funds again after about three months. Arkham data shows ETH being sent to Tornado Cash in rapid batches of 100 ETH.
Selected
DRIFT
DRIFT-2.80%
ETH
ETH-0.14%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.


Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.