Pando Rings exploiter deposits 4000 tokens ETH into Tornado Cash
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AT A GLANCE
According to BlockBeats' relay of PeckShield monitoring, the Pando Rings exploiter address deposited 4000 tokens of ETH into Tornado Cash。
Article
🔍 On-Chain Detective | Pando Rings exploiter activity: routed through Aave then transferred 4000 tokens ETH into Tornado Cash BlockBeats reports that November 2, according to PeckShield monitoring, the PandoRings exploiter address deposited Aave into 16800000 tokens of USDT, borrowed 5000 tokens of ETH, then repaid the debt and October 30 withdrew the collateral. Subsequently, the address swapped 16700000 tokens of DAI for 7,548 tokens of ETH, and deposited 4000 tokens of ETH into TornadoCash.November 5, 2022, the Pando Rings project suffered a major security incident in which an attacker exploited a vulnerability in its price oracle and stole approximately 20000000 USD.
Original link https://m.theblockbeats.info/flash/374986
Key points
01
BlockBeats stated that, according to PeckShield monitoring, the PandoRings exploiter address deposited Aave into 16800000 tokens of USDT, and borrowed 5000 tokens of ETH。
02
The address subsequently repaid the debt and October 30 withdrew the collateral.
03
The address swapped 16700000 tokens of DAI for 7,548 tokens of ETH。
04
The address deposited 4000 tokens of ETH into TornadoCash.
05
The original report stated that November 5, 2022 the Pando Rings project suffered a security incident in which an attacker exploited a price oracle vulnerability to steal approximately 20000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This report describes a multi-step on-chain operation by an address referred to as the Pando Rings exploiter: it first deposited into Aave, borrowed USDT, then repaid the debt and withdrew the collateral, before swapping ETH for DAI, of which ETH 4000 tokens ETH were deposited into Tornado Cash。
Why it matters to readers
The report concerns an address related to a prior security incident and a large ETH transfer; after the funds entered Tornado Cash, their subsequent destination warrants attention.
Beginners should understand this as news of unusual on-chain fund movements and security risks, rather than a definitive signal of ETH price trends or investment returns.
Risks and unknowns
The evidence does not provide the relevant addresses or on-chain transaction hashes, so the fund flow cannot be independently verified on this basis.
The evidence does not specify the years corresponding to November 2 and October 30.
The evidence does not provide independent proof of the address attribution.
The evidence does not specify where the funds went after being deposited into Tornado Cash.
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Related concepts
price oracle
This term is not in the glossary yet. Browse related concepts in the glossary.
An asset provided by a counterparty to guard against potential losses, which may be liquidated in the event of default to compensate the lender for its loss.
