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)