Four years after the Pando Rings hack, the attacker resumed laundering stolen funds by converting $16.98 million in stablecoins to 7,548 ETH, then moving 4,000 ETH through Tornado Cash. This mixer obscures transaction trails, making it harder for investigators to track or recover the funds. Although 3,548 ETH remain outside the mixer, no deposits to exchanges have been confirmed, so immediate selling pressure is unclear. The ongoing laundering activity continues to challenge recovery efforts and fund tracing.
The Pando Rings hacker's recent activity provides context for cryptocurrency market conditions. For readers following major cryptocurrencies on Pluang, as of Nov 03, 2026 09:02 WIB, only 5 of 50 major cryptocurrencies rose while 44 fell. Among notable movers, AAVE dropped 7.21% to Rp2.289.011 with a typical hold time of 106 days and a Pluang order activity skewed 74% Sell / 26% Buy, ONE fell 6.01% to Rp20 with 95% Sell orders, and LUNC declined 5.61% to Rp0,731 but saw 72% Buy orders despite a long hold time of 196 days.
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