Lookonchain
An address identified as the CryptoBilis Ledger drainer deposited another 885 ETH, worth $2.14 million, into Tornado Cash. The transfer was reported two hours after it occurred.
Why it matters
Tornado Cash is a cryptocurrency mixing service designed to obscure the on-chain links between deposits and withdrawals. The transfer puts another batch of ETH associated with the drainer into that service.
Market impact
The deposit tracks the movement of ETH associated with the drainer, rather than a reported sale. The transfer alone does not establish an effect on Ether's price.
Frequently asked questions
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How much was the ETH deposit worth?
The 885 ETH deposited into Tornado Cash was valued at $2.14 million.
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What does Tornado Cash do?
Tornado Cash is a cryptocurrency mixing service designed to obscure on-chain links between deposits and withdrawals.
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Was this the drainer's first deposit into Tornado Cash?
The transfer was described as another deposit, indicating an earlier deposit or deposits.
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Does the transfer establish that the ETH was sold?
No. The reported transaction was a deposit into Tornado Cash, not a reported sale.
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What does the transfer establish about Ether's price?
The transfer alone does not establish an effect on Ether's price.
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