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The attacker behind the Drift Protocol exploit has started laundering the stolen funds through Tornado Cash. 5,800 ETH (~$11.14M) was moved in the first 20 minutes.
In the April attack, assets taken from the Solana-based perpetual DEX were bridged to Ethereum and converted to 129,066 ETH (~$278M) at an average of $2,154. After sitting untouched for three months, the laundering process started today.
This $285M incident is one of the biggest exploits of 2026. The 129,066 ETH in the attacker's hands could create significant selling pressure if the laundering pace accelerates and funds reach exchanges.
The three-month wait suggests a very deliberate and planned approach. The rate of deposits into Tornado Cash will be an important indicator of how close potential sell-offs are.
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