According to @EmberCN, the hacker who stole $23 million in various tokens from Bitrue exchange in April 2023 has successfully converted all assets to ETH and laundered them through Tornado Cash over a two-year period. The assets' value increased by $9.36 million due to ETH price appreciation, and the hacker further profited $4.72 million by trading ETH, selling high and buying low. This incident highlights ongoing security risks for centralized exchanges and the impact of sophisticated laundering techniques on ETH market dynamics. (Source: @EmberCN on Twitter, June 12, 2025)

According to Crypto Rover, the hacker responsible for the Bitrue exploit sold 4,207 ETH for $16.34 million DAI at a price of $3,885 per ETH in March 2025. The same entity is now buying back ETH at lower prices using the same funds, signaling a strategic move to increase ETH holdings by capitalizing on price declines. This behavior could add short-term volatility to Ethereum (ETH) markets as the large-scale buyback impacts liquidity and could potentially support prices near current levels. Traders should monitor on-chain activity for further accumulation, as these movements may signal short-term price floors or trigger additional market responses. Source: Crypto Rover via Twitter (June 12, 2025).

According to @EmberCN on Twitter, the Bitrue hacker has used 8.304 million DAI to purchase 3,000 ETH and subsequently laundered 4,600 ETH (worth $12.65 million) through Tornado Cash. The hacker's address still holds 8.04 million DAI and 3,510 ETH. This movement of significant assets through decentralized exchanges and mixers like Tornado Cash raises immediate security concerns for the Ethereum (ETH) market and DAI holders, with potential short-term volatility in ETH price and on-chain activity. Traders should monitor on-chain flows and exchange inflows for sudden shifts in liquidity and market sentiment. (Source: @EmberCN, Twitter, June 12, 2025)

According to @Bitget_zh, the Bitrue exchange hacker has recently used 16.34 million DAI to purchase ETH and is actively laundering funds through Tornado Cash. The DAI originated from selling 4,207 ETH at $3,885 in March 2024, which itself came from the $23 million multi-token hack at Bitrue in April 2023. The hacker’s recent moves—converting DAI back to ETH and funneling it through Tornado Cash—demonstrate sophisticated trading and money-laundering strategies. This incident increases market volatility for both ETH and DAI, with possible negative sentiment and increased scrutiny on privacy protocols and centralized exchanges. Traders should watch for on-chain movements related to these addresses for short-term liquidity risks and price fluctuations. (Source: @Bitget_zh, Debank.com)

According to EmberCN on Twitter, the Bitrue exchange hacker converted stolen SHIB and HOT tokens into Ethereum, then deposited 1050 ETH (approximately $1.9M) into Tornado Cash to obscure the funds' trail. The hacker transferred the remaining assets, including 5,111.5 ETH ($9.2M) and 16.345 million DAI (worth $25.545M in total), to a new address for storage. This movement of large ETH and DAI volumes out of Bitrue may impact market liquidity and raise caution for traders monitoring unusual on-chain activity and potential sell-off risks. (Source: twitter.com/EmberCN/status/1916477838406111542)

According to @EmberCN on Twitter, Bitrue officially announced a security breach that resulted in unauthorized withdrawals from their platform on April 27, 2025. The exchange confirmed that the incident led to the loss of several crypto assets, including XRP and ETH, and immediately suspended deposits and withdrawals to contain the breach. Bitrue stated all affected transactions are under investigation and committed to fully compensating impacted users. Traders are advised to monitor Bitrue’s official channels for updates, as this event may cause short-term volatility in associated tokens and impact user trust in centralized exchanges (Source: @EmberCN, April 27, 2025).

According to @EmberCN, the hacker responsible for the $23 million theft from Bitrue Exchange in April 2023 has resumed on-chain activity after a year, selling 150 billion SHIB tokens for 1,090.4 ETH ($1.97M) and 135 million HOT tokens for 76.5 ETH ($0.14M). These large-scale token sales may trigger increased volatility and sell pressure on SHIB and HOT trading pairs in the short term, as tracked on Etherscan (source: @EmberCN on Twitter, April 27, 2025).