3.047M USDC Stolen on Ethereum — Attacker Converts to ETH and Launders via Tornado (Thief: 0xf0a6c5b65a81f0e8ddb2d14e2edcf7d10c928020)

On September 11, COINOTAG reported, citing on-chain analyst ZachXBT, that an unknown wallet was drained of approximately 3.047 million USDC on the Ethereum network. The incident has been classified in reporting as a USDC hack based on transaction evidence.

Blockchain traces indicate the attacker converted the stablecoin holdings into ETH and subsequently deposited the proceeds into the mixing protocol Tornado, a technique commonly used to obfuscate asset provenance; all movements remain verifiable on-chain.

The suspect address is 0xf0a6c5b65a81f0e8ddb2d14e2edcf7d10c928020. Market participants and custodial services are advised to monitor this address and engage compliance channels and exchanges as appropriate to assess containment or recovery options.