• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Cryptos

$7 million worth of Ether moved from address associated with Axie Infinity hack

1,400 Ether worth $4.9 million of the moved Ether passed through the privacy tool, Tornado Cash.

Ajibola Akamo by Ajibola Akamo
April 4, 2022
in Cryptos
Ethereum’s NFT Market Cap Lost $5.6 Billion in 2022
Share on FacebookShare on TwitterShare on Linkedin

On-chain data reveals that 2,001 Ether was moved today from the addresses connected to the $625 million exploit of Axie Infinity’s sidechain, the Ronin network.

Ether Scan, the Ethereum blockchain explorer, revealed that exactly 2,001 Ether worth approximately $7 million, was moved in the last 8 hours and about 70% or 1,400 Ether worth $4.9 million of the moved Ether passed through the privacy tool, Tornado Cash.

Tornado Cash is a decentralized, non-custodial privacy solution built on Ethereum. It is a privacy tool that enhances the privacy of transactions by breaking the on-chain link between a source and a destination address. This allows exploiters and hackers to mask their addresses while withdrawing illicitly gained funds.

RelatedStories

Bitcoin, Silver

Bitcoin holds at $94K as market sentiment remains bullish 

April 25, 2025
Bitcoin whales takes full advantage of price dip, acquires 71,000 BTC in one week 

Bitcoin dips below $75k amid trade war turmoil 

April 7, 2025

What you should know

  • Tornado Cash uses zero-knowledge proofs to achieve privacy. When a user decides to make a withdrawal, the user must provide proof that he or she possesses a secret corresponding to one of the smart contract’s list of deposits.
  • The technology allows this proof to be verified without the user needing to reveal which exact deposit corresponds to their secret. The smart contract then checks the proof, and transfers deposited funds to the address specified by the withdrawal transaction. Any external observer is unable to determine which deposit this withdrawal is linked to.
  • TORN is Tornado Cash’s native governance token. It’s a fixed-supply ERC-20 token that is used for voting on protocol upgrades and fixes.
  • The main Ethereum address associated with the exploit sent 2,001 Ether in two transactions, one 1,001 Ether and the other 1,000 Ether, to a different address, labeled “Ronin Bridge Exploiter 8” on the tracking tool Etherscan.
  • Over 601 Ether, valued at $2.1 million, remains in the Exploiter 8 wallet as of the time of this writing. The main wallet that holds stolen funds still holds 173,912.76 Ether, valued at over $608 million, as of the time of this writing. Before today, 6,250 ETH ($21.8 million) has been transferred to various other addresses.

Ronin network was hit by a $625 million exploit last week that affected Ronin validator nodes for Sky Mavis, the publisher of the popular Axie Infinity game, and the Axie DAO. The attacker “used hacked private keys in order to forge fake withdrawals” from the Ronin bridge across two transactions, as seen on Etherscan, Ronin said in a blog post on Substack. Investigations are underway, with all former Sky Mavis validators said to have been replaced.


Follow us for Breaking News and Market Intelligence.
Tags: EtherEthereumTornado Cash
Ajibola Akamo

Ajibola Akamo

Ajibola Akamo is an Investment Analyst, Financial Analyst, Economist and Accountant. You may contact him via his email ajibolaakamo@yahoo.com

Related Posts

Bitcoin, Silver
Cryptos

Bitcoin holds at $94K as market sentiment remains bullish 

April 25, 2025
Bitcoin whales takes full advantage of price dip, acquires 71,000 BTC in one week 
Cryptos

Bitcoin dips below $75k amid trade war turmoil 

April 7, 2025
Trump vows to impose 25% tariffs on autos, pharmaceuticals, others 
Cryptos

President Trump turns Bitcoin green like Nigerian Flag 

March 3, 2025
Crypto trading volume declined by 21.8% in June marking third month of decline
Cryptos

Crypto Weekly Roundup: Global market sheds $200 billion amid security breach 

February 23, 2025
Crypto trading volume declined by 21.8% in June marking third month of decline
Cryptos

Crypto market dips as trading volume drops by 2.83% to $61.3 billion 

February 17, 2025
Bitcoin,Ethereum, Dogecoin , Altcoin
Cryptos

Bitcoin and Ethereum options worth over $3 billion set to expire today

February 7, 2025
Next Post
Pepperstone introduces brand new partnership program in Nigeria

Pepperstone introduces brand new partnership program in Nigeria

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Nigeria’s top 10 stockbrokers by value of transactions in second quarter 2025 
  • Champion Breweries shares up 246.46% — How other beer companies are performing in 2025 
  • Rwanda reaffirms commitment to strengthening trade, aviation, and ICT ties with Nigeria 

Follow us on social media:

Recent News

Nigeria’s top 10 stockbrokers by value of transactions in second quarter 2025 

July 5, 2025
Champion Breweries Plc

Champion Breweries shares up 246.46% — How other beer companies are performing in 2025 

July 5, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics