Mixin hacker moves ether after two years, routes funds through Tornado Cash

Lookonchain said the wallet sent 2,005 ETH to Tornado Cash over about 15 hours on 13 February 2026, valuing the transfer at roughly $3.85 million at the time. It also flagged three newly created wallets that received a combined 2,087 ETH, about $4.03 million.

The tracker said the fragmented ETH was then sold via Tornado Cash at around $1,933 per ETH. Spot ether was trading near $1,971.30 at the time of the post, implying the sales were executed below the prevailing market price.

Mixin Network was hacked in 2023 in an incident that drained multiple assets. Lookonchain said the attacker siphoned 57,849 ETH, valued at about $113.4 million at the time, alongside 891 BTC worth roughly $59.7 million and 23.57 million USDT, which it said was later converted into the DAI stablecoin.

As GNcrypto wrote on 9 January 2026, Ethereum co-founder Vitalik Buterin published an open letter backing Tornado Cash developer Roman Storm, who is awaiting sentencing in the United States after being convicted of conspiring to operate an unlicensed money-transmitting business and faces up to five years in prison. Buterin argued the case targets the creation of software rather than specific wrongdoing, and described mixers such as Tornado Cash as privacy infrastructure he has used for routine purchases and charitable donations without exposing personal data.

The earlier report noted that Storm’s legal defense has been backed by a relief fund that raised more than $6.3 million in 2025, including contributions from Buterin, the Ethereum Foundation and other privacy researchers, with the foundation providing $500,000 and pledging up to $750,000 in matching support. It also placed the case in a wider crackdown on privacy-tech developers, citing Tornado Cash co-creator Alexey Pertsev’s 64-month sentence in the Netherlands and U.S. charges against Samourai Wallet founders, while more than 110 companies petitioned the U.S. Senate to protect software developers.