News analysis
Drift exploiter moves $61M in ETH to Tornado Cash, Cointelegraph reports
· By MyCryptoSignal Editorial · 326 words
Cointelegraph reports that the exploiter behind the Drift hack moved $61 million in ETH to Tornado Cash and still holds $194 million. The same report ties the April 1 incident to roughly $295 million in losses, an event a Mandiant investigation later attributed to a North Korean threat group.
According to Cointelegraph, the transfer to Tornado Cash came from funds linked to the Drift exploit. The publication states the April 1 hack produced about $295 million in losses, and it notes that a Mandiant investigation later attributed the incident to a North Korean threat group. Cointelegraph's report, published on 20 October 2026, puts the remaining holdings at $194 million.
The source does not say what portion of the $295 million figure has been recovered or frozen, and it does not identify who carried out the transfer. We have not independently verified the source's figures.
Our own data, collected as of 17:16 UTC, shows Ethereum at $2,446.95, up 1.90% over 24 hours. The 24-hour range ran from $2,374.52 to $2,471.63. Over seven days ETH is down 2.51%, and over 30 days it is down 6.15%. The 14-period RSI reads 68.1, with a flat trend and volatility of 0.01. Support sits at $2,441.91 and resistance at $2,450.55, a narrow band the price is trading inside, and the appendix labels the signal action as falling.
The wider frame: total market capitalization is $2.614 trillion, up 1.01% over 24 hours, with Bitcoin dominance at 63.6%. Bitcoin trades at $82,660, up 0.87% on the day.
The source's figures leave a large share of the Drift funds in the exploiter's hands, with $61 million routed through a mixer. Ethereum's 30-day decline of 6.15% and its flat trend sit next to a 24-hour gain of 1.90%. Those two facts frame the story: a reported movement of funds on one side, and a market that has drifted lower across the month on the other.
Read the full story at Cointelegraph: https://cointelegraph.com/news/drift-exploiter-eth-tornado-cash
Data, not advice.
Source: Cointelegraph — see our editorial policy.