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10/22/2026

Drift Exploiter Launders $109M in ETH via Tornado Cash Over Two Days

What happened: Wallets linked to the April 2026 Drift Protocol hack sent 44,510 ETH (about $109 million) through Tornado Cash on October 20–21, marking the largest laundering event since the $295 mill

Drift Exploiter Launders $109M in ETH via Tornado Cash Over Two Days

What happened: Wallets linked to the April 2026 Drift Protocol hack sent 44,510 ETH (about $109 million) through Tornado Cash on October 20–21, marking the largest laundering event since the $295 million exploit. The attacker’s wallets still hold approximately 56,569 ETH ($138 million). Mandiant attributed the hack to North Korean threat groups UNC4736 and UNC6862 with medium-high confidence.

Why it matters: Nearly 37% of the stolen funds have now been laundered, highlighting ongoing challenges for DeFi security and the limitations of current on-chain tracking and sanctions. The renewed activity after two months of dormancy underscores the persistence of state-linked actors in exploiting crypto infrastructure, raising the stakes for protocol security and regulatory oversight.

Source: Cointelegraph, crypto.news