Ronin Network (RON) Hacker Moves $90 Million to Tornado; How much is on exchanges?

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Vladislav Sopova

Which exchanges are used by the Ronin Network (RON) hacker? And does he have a lot to sell?

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CertiK, a flagship cybersecurity company, has released a diagram depicting the strategy of the most successful hacker in DeFi history. It looks like he/she will keep trying to wash the loot.

Certik tracked assets stolen by Ronin hacker: see the results

According to the statement from the @CertiKAlert account used by CertiK for instant notifications, the Ronin Network (RON) hacker’s loot is divided into three clusters.

The first group, which has a total of $20.7 million in equivalent, has already been sent to several centralized exchanges. Hackers are trying to sell their loot on FTX and Huobi, two heavyweight CEXs.

Subsequently, nearly $90 million in equivalent was transferred to Tornado Cash, the most popular mixing service used to cover up the history of crypto tokens.

The vast majority of crypto acquired by a hacker is still stored in his account: $459 million in equivalent is dormant as of today, April 14, 2022.

New assets are transferred to Tornado Cash every day

As previously described by e-RUPI Guide, Axie Infinity’s Ronin Network (RON) side chain hack is the largest hacker attack in the history of the DeFi segment.

The net sum of the losses eclipsed $625 million. To prevent this from happening again, Sky Mavis, the company behind Axie Infinity (AXS) and its side-chain Ronin Network (RON), launched an unprecedented $1 million bug bounty campaign.

The attackers send Ethers to Tornado every day; they are divided into 1,000-3,000 ether parts.