Ethereum (ETH) User Loses 810 ETH in Tornado Cash Phishing Attack

An Ethereum user lost at least 810 ETH, worth roughly $1.86 million when checked, in a phishing attack linked to a suspected Tornado Cash frontend, on-chain data shows. Community reports initially described a loss of 1,010 ETH, but the cited wallet received only 810 ETH through nine transfers on Aug. 18. Eight transactions carried 100 ETH each, and the final transfer carried 10 ETH, arriving between 5:56 a.m. and 6:05 a.m. UTC. The address had no outgoing transfers at the time of review, leaving the confirmed ether under the suspected attacker’s control. The 200 ETH gap between the reported total and the verified amount may have moved to another address, but no additional destination was included in the evidence. The incident allegedly began when the user followed an old bookmark for tornado.cash, a domain that community members claim expired and was replaced with a malicious interface. No authoritative domain record, official Tornado Cash warning, or named security researcher has confirmed the alleged takeover; the domain was accessible and displayed a standard frontend when checked. The theft is distinct from approval phishing, in which a victim signs a transaction that gives a drainer access through blind signing. Tornado Cash uses private deposit notes that function as credentials, and a fake frontend can capture those notes during a deposit or withdrawal, allowing the attacker to withdraw before the legitimate owner. Tornado Cash has faced frontend attacks before: in 2024, researcher Gas404 found malicious JavaScript inserted into an open-source interface, and the incident was later documented as a supply-chain compromise. Old bookmarks are especially dangerous because expired domains retain familiar names and search rankings. Community claims that the same attackers stole nearly 4,000 ETH over the past 12 months remain unverified, as no linked addresses or attribution analysis were supplied. The immediate priority is monitoring the confirmed 810 ETH for transfers to exchanges, where platforms could identify or freeze assets.

Separately, U.S. corporation Bitmine Immersion Technologies (BMNR), the largest corporate Ethereum treasury, added $2.2 billion to the value of its crypto reserves in a single day as Ethereum’s 20% rally pushed the altcoin above $2,200. CryptoQuant data and the company’s latest operational report show Bitmine holds 5.815 million ETH, or nearly 4.8% of Ethereum’s circulating supply. That position was valued at $11 billion at the start of the week and reached $13.2 billion after the surge. Bitmine has been buying ETH weekly for more than a year and has staked 87% of its reserves, generating roughly $250 million in annual staking income. Management is also aggressively repurchasing company stock. Portfolio tracking data, however, shows the overall position remains at an unrealized loss of $6.09 billion, or 31.25%, because Bitmine has invested $19.49 billion at an average purchase price of $3,357.63 per ETH. Bitmine chairman and Fundstrat co-founder Tom Lee said Ethereum’s breakout from a multiyear bear market against Bitcoin, above the 0.02994 level, signals a fundamental shift. He argues Wall Street has stopped treating ETH as a speculative asset and is beginning to price its utility value. Lee expects Ethereum smart contracts to become the operating system for AI and robotics; he noted that Chinese humanoid robots are already running faster than 12 meters per second, with software converging into a cloud-based “collective intelligence.” He called ETH “an important downstream AI story” and predicted it will be “the most important L1.” The Fundstrat framing contrasts with BlackRock’s view of Bitcoin as passive “digital gold”; Lee’s team casts Ethereum as “digital oil,” the settlement layer for the future AI economy and its autonomous AI trading bot systems.

COINOTAG’s proprietary 42-indicator composite scoring engine rates resistance at $2,307.85 at 76/100, from Fibonacci 0.000 and Donchian Upper; the next target is $2,558.86. Support at $2,236.49 scores 64/100 from Fibonacci 0.114, HVN and ATR Lower, while $2,020.45 carries a 66/100 STRONG rating from Supertrend, LVN, VWAP and Fibonacci 0.382. RSI at 83.53 is stretched, but the funding rate is moderate at 0.0058%, open interest stands at $9.1 billion, and the long/short ratio is 1.38, with 57.9% of accounts long. Fear & Greed at 62/100 favors a bullish continuation while spot holds above $2,236. A break below that level would invalidate the uptrend and expose $2,127 and $2,020; a daily close above $2,307 would open the path toward $2,558.