Wallet from 2023’s $23 Million Bitrue Hack Becomes Active, Launders Funds via Tornado Cash

• Hacker converts $16.34M DAI back to ETH and launders $12.65M via Tornado Cash.
• Stolen Bitrue tokens were swapped into ETH, then sold and reused for laundering.
• Wallet still holds $8.04M DAI and 3,510 ETH, signaling ongoing laundering activity.

A crypto wallet linked to the $23 million Bitrue exchange hack of April 2023 has resurfaced after months of dormancy, with new on-chain movements showing a calculated effort to launder the stolen funds. 

According to data shared by blockchain analyst @EmberCN, the attacker is actively converting assets into Ethereum (ETH) and funneling them through Tornado Cash, a well-known crypto mixer.

更新：
Bitrue 黑客目前已经使用 830.4 万 DAI 购买了 3000 枚 ETH。
然后已经将 4600 枚 ETH ($12.65M) 通过 Tornado (龙卷风) 洗走。

地址里目前还有 804 万 DAI 跟 3510 枚 ETH。 pic.twitter.com/NsrtLYx1JE

— 余烬 (@EmberCN) June 12, 2025

The laundering activity marks the latest chapter in a long-running saga that began when various assets, including ETH, QNT, GALA, and SHIB, were stolen from the exchange.

Related: From SHIB to ETH to Tornado: How Bitrue’s stolen crypto is finally on the move

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