KyberSwap Hacker Moves Another 2,000 ETH to Tornado Cash, Total Laundered Reaches $40 Million
The individual responsible for the $48.8 million KyberSwap exploit has deposited an additional 2,000 Ether ($ETH) into the cryptocurrency mixing protocol Tornado Cash, according to blockchain security firm PeckShield. This latest transaction brings the total amount laundered by the hacker over the past two years to 16,100 $ETH, valued at approximately $40 million. Continued Laundering Activity The address, which security researchers have linked to Andean Medjedovic, has been steadily moving stolen funds through Tornado Cash since the December 2023 attack on KyberSwap. The exploit targeted the decentralized exchanges Elastic Pools, draining millions from liquidity providers. Medjedovic was later indicted by U.S. authorities on charges including wire fraud and money laundering. Blockchain data shows that the hacker has been moving funds in relatively small batches, likely to avoid triggering automated alerts from exchanges and law enforcement. The use of Tornado Cash, a protocol sanctioned by the U.S. Treasury Department in 2022, makes it significantly harder to trace the ultimate destination of the stolen cryptocurrency. Implications for DeFi Security The KyberSwap case remains one of the most high-profile DeFi exploits in recent years, and the continued laundering activity highlights ongoing challenges in recovering stolen digital assets. While blockchain analytics firms have become more sophisticated at tracking fund