The wallet identified as the Pando Rings exploiter moved $16.8 million in USDT to Aave on October 30, borrowing 5,000 ETH before repaying the debt and withdrawing collateral. The address subsequently swapped 16.7 million DAI for 7,548 ETH and deposited 4,000 ETH into Tornado Cash.
Pando Rings suffered a security breach on November 5, 2022, when an attacker exploited a vulnerability in its price oracle, stealing approximately $20 million. PeckShield's latest tracking reveals the exploiter has continued laundering stolen funds through DeFi protocols and privacy mixers.
Pando Rings Exploiter Laundered $20M Stolen Funds via Aave and Tornado Cash
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