coin-img-ETHETH+0.30%coin-img-BTCBTC+0.27%coin-img-SOLSOL-1.44%coin-img-XRPXRP-1.05%coin-img-HPETHPET-48.69%coin-img-USDCUSDC+0.00%coin-img-ULTIMAULTIMA+38.46%coin-img-HYPEHYPE-3.15%coin-img-ETHETH+0.30%coin-img-BTCBTC+0.27%coin-img-SOLSOL-1.44%coin-img-XRPXRP-1.05%coin-img-HPETHPET-48.69%coin-img-USDCUSDC+0.00%coin-img-ULTIMAULTIMA+38.46%coin-img-HYPEHYPE-3.15%coin-img-ETHETH+0.30%coin-img-BTCBTC+0.27%coin-img-SOLSOL-1.44%coin-img-XRPXRP-1.05%coin-img-HPETHPET-48.69%coin-img-USDCUSDC+0.00%coin-img-ULTIMAULTIMA+38.46%coin-img-HYPEHYPE-3.15%coin-img-ETHETH+0.30%coin-img-BTCBTC+0.27%coin-img-SOLSOL-1.44%coin-img-XRPXRP-1.05%coin-img-HPETHPET-48.69%coin-img-USDCUSDC+0.00%coin-img-ULTIMAULTIMA+38.46%coin-img-HYPEHYPE-3.15%

Step Finance exploiter offloads 261,933 SOL worth $21.4M after five-month silence

AI Market Summary
On-chain data show the Step Finance attacker liquidated 261,933 SOL (~$21.4M) after five months of inactivity, bridged proceeds to Ethereum, bought 12,128 ETH, and routed funds through Tornado Cash. The activity implies immediate sell pressure and potential overhang for SOL liquidity, while renewing compliance and sanctions-risk focus around ETH-adjacent mixers and cross-chain laundering flows.
Impact level
● Medium
Affected assets
SOL/USDT-1.50%
AI Insight · SOL/USDTAI Insight
▼ Bearish
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Huo Xing Cai Jing reports that Lookonchain data shows the Step Finance exploiter resurfaced after five months of inactivity, selling 261,933 SOL valued at about $21.4 million. The proceeds were bridged to Ethereum and used to buy 12,128 ETH. The ETH was then sent to Tornado Cash in an apparent laundering attempt.
Selected
SOL
SOL-1.51%
ETH
ETH+0.25%
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