finance
Balancer Exploiter Resumes Activity After 5 Months, Launders $2.55M ETH to BTC
The perpetrator behind a $120 million theft from Balancer has become active again. In the past hour, the exploiter moved 1,100 ETH valued at $2.55 million and began converting it to BTC via THORChain. @lookonchain reported the laundering activity on 2026-04-24.
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The exploiter responsible for stealing nearly $120 million from Balancer has resumed activity after a five-month hiatus, according to @lookonchain. 55 million, and initiated conversions to BTC through THORChain. This marks the first signs of movement since the exploiter went dormant.
@lookonchain reported that the Balancer exploiter is laundering funds by swapping ETH into BTC via the THORChain protocol. The recent transfers involve converting the moved ETH directly into BTC. These actions follow the initial theft of nearly $120 million.
The exploiter became active again after remaining inactive for five months, as detailed by @lookonchain. The laundering process focuses on exchanging ETH for BTC, with the latest batch amounting to 1,100 ETH. This development highlights ongoing efforts to process the stolen assets.
Details from @lookonchain indicate the exploiter stole nearly $120 million in the original incident. The current activity centers on moving and converting portions of those funds. 55 million, now being swapped into BTC.
