Hacker Drains $27M From Multi-Sig Wallet, Launders $19M via

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Crypto hack

crypto scam

pig butchering

A hacker who drained $27.3 million from a multi-signature wallet has laundered $19.4 million through Tornado Cash while maintaining a $9.75 million leveraged ETH position, amid multiple exploits totaling over $36 million in 24 hours.

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Anas Hassan

Crypto Journalist

Anas Hassan

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Jun 2025

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Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.

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A sophisticated attacker who compromised a multi-signature wallet and stole $27.3 million has now laundered $19.4 million through privacy protocol Tornado Cash while maintaining a leveraged trading position worth nearly $10 million.

The incident, first detected by blockchain security firm PeckShield, marks the latest in a series of major exploits targeting crypto holders in early 2026.

PeckShield reported that the drainer withdrew 1,000 ETH, worth $3.24 million, from the lending platform Aave before depositing it into Tornado Cash, joining 6,300 ETH already laundered through the mixing service.

The attacker, who controls the compromised multi-signature wallet, simultaneously holds a $9.75 million leveraged long position consisting of $20.5 million in ETH against $10.7 million in DAI.

Wave of Exploits Hits Crypto Platforms.

The multi-sig wallet drain occurred alongside multiple other security incidents detected within the past 24 hours.

PeckShield identified address 0xB8b4…3714 actively laundering 2,479.1 ETH, worth $7.9 million, through Tornado Cash, with funds originating from multiple TRON wallets before being bridged to Ethereum.

The investigators linked the attack to a “pig-butchering” investment scam that typically lures victims through fake romantic relationships before stealing their crypto holdings.

Separately, the exploiter behind September’s UXLink hack swapped 248 wrapped Bitcoin for 23 million DAI within an hour, moving stolen assets from an attack that minted billions of unauthorized tokens.

Blockchain security firm CertiK simultaneously flagged another $1.4 million exploit on an unverified contract related to TMXTribe on Arbitrum.

The attackers repeatedly minted and staked TMX LP with USDT, swapped for USDG, then unstaked and sold more USDG to drain USDT alongside wrapped SOL and WETH through a looping mechanism executed multiple times.

These exploits follow closely after hardware wallet manufacturer Ledger disclosed that customer data, including names, postal addresses, emails, and phone numbers, was accessed through a breach at payment processor Global-e on January 5.

While Ledger confirmed no payment card details, passwords, or private keys were exposed, security researchers warned that the leak significantly increases phishing and social engineering risks.

Particularly, given Ledger’s history of data breaches, dating back to a devastating 2020 incident that exposed 1.1 million email addresses and detailed...

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This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.

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