Ethereum whale multisig commot all money $27.3M; attacker wash 4,100 ETH through Tornado Cash
One Ethereum multisig wallet wey one big whale dey control don lose after private key leak and dem drain am for about $27.3M. Security firm PeckShield and on‑chain investigators talk say the attacker make himself the only signer for a 1‑of‑1 multisig (wey dem create on April 11, 2025), so e get full control. The attacker move about 4,100 ETH (~$12.6M) enter Tornado Cash with many 100 ETH transfers, and still hold about $2M for liquid assets plus different tokens (WETH, OKB, TWT, LEO, FET, NEXO). Investigators warn say the private key fit don leak during setup or through bad help; related positions fit make total losses reach about ~$38M. The victim multisig still hold one leveraged Aave long: about 25,000 ETH used as collateral against ~ $12.3M DAI borrowed, with health factor near 1.68 — fit clear if ETH price drop sharp. Trading meaning: expect small term pressure down for ETH from washing and possible sell‑offs of the remaining stolen funds, plus higher liquidation risk fit make dumps worse. Traders suppose monitor on‑chain flows, Tornado Cash addresses, the multisig’s Aave health factor, and inflows to centralized exchanges for signs of more cash‑out or forced selling.
Bearish
Di likely say dis incident go bad for ETH for short term. One coordinated gbekpo of about 4,100 ETH wey dem run through Tornado Cash plus the liquid money wey the attacker still hold fit cause immediate sell pressure if the attacker or their people carry the funds go exchanges. The victim own remaining leveraged Aave position (high collateral, big DAI borrow and health factor about 1.68) dey increase chance of forced liquidations if ETH weaken, wey fit make price fall more. Make people watch market impact via on-chain flows, Tornado Cash outflows, and exchange inflows; for history, big thefts and related laundering usually cause short-term price weakness and more volatility. For longer term, the event neutral to protocol fundamentals — e dey show custody and operational security risks instead of changing Ethereum macro outlook — but reputational effects and short-term liquidity shocks fit last until stolen funds become illiquid or market absorb dem.