Pando Rings Hacker Movement: 4,000 ETH Transferred to Tornado Cash After Routing Through Aave

BlockBeats news, November 2nd, according to PeckShield monitoring, the PandoRings exploit address deposited 16.8 million USDT into Aave, borrowed 5,000 ETH, then repaid the debt and withdrew the collateral on October 30. Subsequently, the address exchanged 16.7 million DAI for 7,548 ETH and deposited 4,000 ETH into TornadoCash.

On November 5, 2022, the Pando Rings project suffered a major security incident where attackers exploited a vulnerability in its price oracle to steal approximately $20 million.