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Drift Protocol attacker moves $6.92m USDC to Hyperliquid and opens BTC long, ETH short

NewsFeeds update

Onchain Lens says the Drift Protocol attacker withdrew ETH from Tornado Cash, swapped it for $6.92m in USDC via CoWSwap and bridged the funds to Hyperliquid. There it opened 20x positions: a BTC long and an ETH short of about $13m each, roughly $26m in total notional.

StablecoinsOdailyAIBearish

Read the original on Odaily

The story so far: Drift Protocol attacker funds movement

The Drift Protocol attacker, dormant for about two months, moved at least 13,400 ETH worth about $32m to Tornado Cash, with more transfers tracked since. Onchain Lens has now asked Hyperliquid to flag a wallet it says belongs to the exploiter.

Headlines only, oldest first. Open a headline for the full update and the outlet it came from.

  1. Onchain Lens says Drift Protocol attacker moves at least 13,400 ETH to Tornado Cash

  2. PeckShield says suspected Drift attacker moved about 21,300 ETH to Tornado Cash

  3. Drift Protocol attacker moves 25,700 ETH to Tornado Cash after two months

  4. Drift Protocol attacker moves another 4,600 ETH to Tornado Cash, Salus says

  5. Suspected Drift exploiter moves another 18,800 ETH to Tornado Cash

  6. Drift Protocol attacker moves another 24,885 ETH to Tornado Cash, Lookonchain says

  7. Drift Protocol attacker moves $6.92m USDC to Hyperliquid and opens BTC long, ETH short

  8. Analyst Ai Yi says hacker address's 20x ETH short and BTC long total about $20m

  9. Onchain Lens asks Hyperliquid to flag alleged Drift Protocol exploiter account

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Every Stablecoins update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.