coin-img-ETHETH+0.34%coin-img-BTCBTC+0.31%coin-img-SOLSOL-1.33%coin-img-XRPXRP-1.02%coin-img-HPETHPET-48.69%coin-img-USDCUSDC+0.00%coin-img-ULTIMAULTIMA+38.46%coin-img-HYPEHYPE-3.13%coin-img-ETHETH+0.34%coin-img-BTCBTC+0.31%coin-img-SOLSOL-1.33%coin-img-XRPXRP-1.02%coin-img-HPETHPET-48.69%coin-img-USDCUSDC+0.00%coin-img-ULTIMAULTIMA+38.46%coin-img-HYPEHYPE-3.13%coin-img-ETHETH+0.34%coin-img-BTCBTC+0.31%coin-img-SOLSOL-1.33%coin-img-XRPXRP-1.02%coin-img-HPETHPET-48.69%coin-img-USDCUSDC+0.00%coin-img-ULTIMAULTIMA+38.46%coin-img-HYPEHYPE-3.13%coin-img-ETHETH+0.34%coin-img-BTCBTC+0.31%coin-img-SOLSOL-1.33%coin-img-XRPXRP-1.02%coin-img-HPETHPET-48.69%coin-img-USDCUSDC+0.00%coin-img-ULTIMAULTIMA+38.46%coin-img-HYPEHYPE-3.13%

Step Finance hacker offloads 261,900 SOL, routes proceeds to Tornado Cash

AI Market Summary
On-chain data indicate the Step Finance hacker resumed activity after ~5 months, selling 261,900 SOL (~$21.4m), bridging proceeds to Ethereum, buying 12,128 ETH, and routing funds into Tornado Cash. The event is negative for SOL due to visible sell pressure and renews compliance and counterparty-risk concerns around mixer usage, potentially weighing on broader risk sentiment in DeFi-linked assets.
Impact level
● Medium
Affected assets
SOL/USDT-1.50%
AI Insight · SOL/USDTAI Insight
▼ Bearish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
On-chain tracker Lookonchain said the Step Finance hacker resurfaced after five months of inactivity, selling 261,900 SOL worth about $21.4 million. The proceeds were bridged to Ethereum, used to buy 12,128 ETH, and then deposited into Tornado Cash in what appears to be a laundering move.
Selected
SOL
SOL-1.48%
ETH
ETH+0.32%
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