4,920 ETH Worth $16.25M Pulled From Tornado Cash As Ethereum Falls 13% This Week

• Three new wallets withdrew 4,920 ETH worth about $16.25 million from Tornado Cash and sold around $3,302 per ETH, Lookonchain reported.
• The transfers arrived shortly after wallets tied on-chain to HEX founder Richard Heart had deposited 162,937 ETH (about $619 million) into Tornado Cash earlier in 2024. Attribution for the latest moves is still unclear.
• Ethereum fell 13.06% this week to about $3,353.68, with market cap down 2.53% daily to $404.77 billion while privacy-routed flows drew fresh scrutiny.

Lookonchain tracked a fresh sequence of Tornado Cash withdrawals involving three newly active wallets that together pulled out 4,920 ETH, valued at roughly $16.25 million. The ETH was moved at about $3,302 per coin. The size and timing attracted attention because the addresses were not long-lived and were funded entirely via the privacy mixer.

Three new wallets just …

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