Tornado Cash Hack: 8,960 ETH Sold at $4,382 Each for 39.264M DAI, On-Chain Analyst Yin Jianguo Reports

On-chain analyst Yin Jianguo reported that a hacker-controlled address withdrew 8,960 ETH from Tornado.Cash via three wallets and promptly sold the holdings at about $4,382 per ETH, receiving roughly 39.264 million DAI. Blockchain traces show these ETH had been deposited into Tornado.Cash from other addresses prior to withdrawal. The rapid swap into DAI materially reduced exposure to ETH price volatility and converted the position into stablecoin liquidity. Market infrastructure participants and compliance teams should monitor the associated addresses using forensic analytics to assess counterparty risk and trace subsequent on-chain flows for potential recovery or reporting actions.