The cybercriminal responsible for stealing funds from the cryptocurrency exchange Poloniex has begun transferring Ethereum (ETH) to the mixing service Tornado Cash, as reported by the digital asset de-anonymizing platform Arkham. In a series of 20 transactions that took place on Monday and Tuesday, the hacker moved 1126.1 ETH, valued at over $3.4 million, into Tornado Cash. This marks the hacker’s initial foray into the controversial Ethereum-based crypto mixer, which enables users to conceal their digital assets.

The Poloniex hack occurred in early November, resulting in the theft of $56 million worth of ETH, $48 million worth of Tron (TRX), $18 million worth of Bitcoin (BTC), and smaller amounts of various other cryptocurrencies. Despite the exchange, which is owned by Tron founder Justin Sun, offering a 5% white hat bounty, it went unaccepted. The hacker currently holds $181.47 million worth of crypto in their main address, as confirmed by Arkham.

Over the past few months, projects affiliated with Justin Sun have experienced a significant number of attacks. In September, hackers exploited the Sun-associated exchange giant HTX, stealing approximately 4,999 Ethereum valued at $7.9 million, according to the blockchain security firm PeckShield. Subsequently, in November, hackers targeted HTX and Heco Bridge, another Sun-related project used for transferring funds between Ethereum and the energy-saving blockchain Heco Chain, resulting in a combined loss of $100 million, as reported by cybersecurity firm Cyvers. In January, HTX was once again hit by hackers, who launched a distributed denial of service (DDoS) attack, causing a brief outage. DDoS attacks involve flooding the target website with traffic in an attempt to overwhelm its infrastructure.

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