A wallet linked to the Pando Rings exploit from November 2022 moved 7,548 Ether (ETH), worth about $16.72 million, after converting 16.7 million Dai (DAI) into ETH. The wallet then sent 4,000 ETH, valued at roughly $9.17 million, to Tornado Cash, a mixing service used to obscure the origin of funds. This activity is part of ongoing efforts to launder stolen funds from the $20 million hack. The wallet has a history of moving and selling ETH connected to the exploit, indicating continued attempts to hide and cash out the stolen assets.
The Pando Rings-linked wallet's recent Ethereum transfers provide context for readers. As of Nov 13, 2026 07:31 WIB, among 50 major cryptocurrencies on Pluang, 21 rose and 28 fell. Notably, COTI rose 2.76% to Rp168 with a typical hold time of 123 days, while YFI dropped 2.08% to Rp33,578,019 and UNI fell 2.06% to Rp110,670.
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