Whale Fail: $27M Gone, $12M in Tornado Cash, and Larry’s Still Shaking His Head 😱💸

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So, another whale multisig wallet got hacked, huh? $27 million down the drain. Great. Just what the crypto world needed. Another reminder that “security” is just a fancy word for “wishful thinking.” 🤑🔒

Apparently, some genius breached a whale multisig wallet this week. Shocking, I know. Who could’ve guessed that putting all your eggs in one digital basket might end badly? 🤦‍♂️

Blockchain security firm PeckShield-you know, the folks who get to say “I told you so” a lot-tracked the hack and shared the details. Funds started moving on-chain faster than Larry at a buffet line. 🏃💨

But wait, it gets better! This isn’t just a simple theft. The attacker now controls active lending positions, turning this into a full-blown circus. 🎪💰

Whale Multisig Wallet Breach Unfolds On-Chain (Because Why Not?)

PeckShield sounded the alarm early Thursday. A whale multisig wallet lost $27.3 million because someone got their hands on a private key. Classic. Who leaves their digital keys lying around? Oh, right, everyone. 🤷‍♂️

Once the attacker had signing power, the wallet went from “shared security” to “shared misery.” 😢

A whale’s Multisig was drained of ~$27.3M due to a private key compromise. Big deal. Another day in crypto paradise. 🏖️💸

The drainer laundered $12.6M (4,100 ETH) via Tornado Cash and still holds ~$2M in liquid assets. Because why stop at stealing when you can also do laundry? 🌀👕

Oh, and they control the victim’s multisig, which has a leveraged long position. Because why not add some financial risk to the mix? 🎲📉

– PeckShieldAlert (@PeckShieldAlert)

Multisig wallets are supposed to be secure because they require multiple approvals. But guess what? If the attacker meets the signing rules, it’s game over. PeckShield says the attacker moved funds faster than Larry avoids eye contact. 🚀👀

On-chain data shows the drainer split the assets and sent them through Tornado Cash. Because nothing says “I’m a professional” like using a mixer. 🌪️💼

Transfers went out in quick intervals. Definitely planned. No one’s that efficient by accident. Unless they’re Larry trying to leave a party early. 🕺⏰

How the Attacker Laundered the Funds (Spoiler: It’s Not a DIY Project)

The attacker moved $12.6 million through Tornado Cash. Because why leave a paper trail when you can leave a tornado? 🌪️📜

Tornado Cash breaks the link between sender and receiver. Perfect for hackers who want to stay anonymous. Or anyone who hates transparency. 🤫👻

PeckShield noticed a pattern: funds moved in round lots, all the same size. Analysts say it’s methodical laundering. Or maybe the attacker just likes symmetry. 🧩🔍

About $2 million is still in liquid assets. So, yeah, expect more shenanigans soon. Because why stop when you’re on a roll? 🎲💸

Related Reading: Coinbase Hacker Moves $24M Through Tornado Cash. Slow and steady wins the race, I guess? 🐢💨

Control of Aave Position Raises Stakes (Because Why Not Add More Drama?)

The attacker doesn’t just have cash-they also control a live leveraged position on Aave. PeckShield is freaking out, and honestly, so is Larry. 😱💹

The wallet had $25 million in ETH as collateral and borrowed $12.3 million in DAI. So, the attacker’s bullish on ETH. Or just really bad at financial planning. 🤔📈

As of now, they can withdraw collateral, repay funds, or just sit tight. If they dump ETH, prices might tank. Because nothing says “fun” like market manipulation. 🎢📉

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2025-12-18 12:47