The hacker responsible for the cyberattack on Orbit Bridge, a decentralized cross-chain protocol, in December has begun moving the stolen cryptocurrency. Arkham, a digital asset de-anonymizing platform, has observed that the hacker transferred 8,671 Ethereum (ETH) valued at $32 million to a new address. The hacker is now in the process of depositing the cryptocurrency into Tornado Cash, a controversial coin mixing service known for facilitating anonymous digital asset transactions.

The hacker managed to steal over $100 million in cryptocurrency from Orbit Bridge in late December, holding onto $66 million in ETH, as well as over $20 million in stablecoins DAI and USDT. Orbit Bridge acts as a bridging service for Orbit Chain (ORC), a cross-chain platform that prioritizes scalability.

After the breach, the Orbit Chain team issued notices urging the hacker to come forward and negotiate by January 11th at 10:00 AM. Despite the plea, the hacker remained silent, prompting the project to offer a reward of up to $8 million for any information leading to the identification of the hackers or the recovery of the stolen funds.

At the time of writing, Orbit Chain’s native token, ORC, is trading at $0.00669, marking a decrease of over 90% from its December value according to CoinGecko. Tornado Cash was sanctioned by the US in 2022 for national security reasons. One of the project’s founders, Roman Storm, was arrested last year on charges related to allegedly laundering $1 billion in criminal proceeds, including funds for the sanctioned North Korean cybercriminal group, Lazarus Group.

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