According to @lookonchain, a hacker who stole $23 million from the Bittrue exchange in 2023 has commenced laundering $30 million in assets through the crypto mixer Tornado Cash. Citing analysis from EmberCN, the hacker executed a profitable trading strategy with the stolen funds, realizing a $9.37 million profit on Ethereum (ETH). The strategy involved selling ETH in 2023 when prices were high, repurchasing it after a significant price drop, and holding it through its recent rally. Market data shows ETH dropped to around $1,472 in April 2023 before recently climbing above $2,800. On-chain data from Etherscan also reveals the hacker made several deposits to the decentralized derivatives exchange HyperLiquid, indicating sophisticated trading activity. Debank data confirms that the full amount is now being processed through Tornado Cash, a move that complicates tracking and recovery efforts.

According to @lookonchain, a hacker who stole $23 million from the Bittrue exchange in 2023 has successfully generated a $9.37 million profit by strategically trading Ether (ETH), as cited by EmberCN. The hacker's strategy involved selling the stolen tokens in 2023, repurchasing ETH after its price dropped, and holding through the recent rally that saw prices reach as high as $2,873. Citing Debank data, the report indicates that the hacker has now begun laundering $30 million worth of ETH through the mixing service Tornado Cash. The on-chain trail on Etherscan also reveals previous laundering activities and deposits to the decentralized derivatives exchange HyperLiquid, suggesting complex financial maneuvers with the illicit funds.

According to @KookCapitalLLC, the 'DeFi-first' layer-2 blockchain Katana has officially launched its mainnet, having secured $180 million in pre-deposits. Data from DefiLlama shows these deposits surged from $75 million since June 1. Katana aims to address critical DeFi liquidity problems like slippage and inefficient pricing through features such as VaultBridge and chain-owned liquidity (CoL), as stated by co-contributor Marc Boiron. Early participants are being rewarded with NFTs and a share of 70 million native KAT tokens, with yield farming opportunities available on platforms like Morpho and Sushi. The protocol is also blockchain-agnostic, supporting yield generation on chains like Solana (SOL) via its collaboration with Jito. In separate news, Debank data cited by EmberCN reveals that a hacker from the 2023 Bittrue exchange exploit has begun laundering funds. The individual reportedly made a $9.37 million profit by strategically trading Ether (ETH), selling high in 2023 and repurchasing low before its recent price rebound. The hacker has now funneled approximately $30 million in ETH through the mixing service Tornado Cash. Current market data shows ETH trading around $2,521.