Big Whale transfers 160,000 ETH: Richard Heart's new project ProveX surfaces

RektRecovery · 2026-01-11T01:40:11+00:00

Recently, Tornado Cash's liquidity pool TVL dropped by 40%, drawing attention. Crypto developer Richard Heart's active wallet transferred a large amount of ETH, related to his new project ProveX, which is based on zero-knowledge proof technology and aims to enable trustless peer-to-peer encrypted transactions.

RektRecovery

2026-01-11 01:40:11

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【Crypto World】Recently, on-chain data has been quite interesting. The liquidity pool on Tornado Cash with a 100 ETH scale saw its TVL drop by 40% in a week, with 120,600 ETH suddenly transferred. This action has attracted attention.

Through address tracking, it was found that these transfers came from crypto developer Richard Heart. His wallet has been very active recently—over the past 4 months, he has transferred a total of 162,937 ETH via Tornado. Considering current prices, this amount of funds is quite significant.

What does this point to? Richard Heart’s new project ProveX. This project aims to do something not simple: based on zero-knowledge proof technology, it seeks to create a completely trustless, truly peer-to-peer cryptocurrency trading and settlement system. In other words, no intermediaries are needed between the trading parties, and the entire process is secured through cryptographic verification. In the current environment where DeFi security issues are frequent, this kind of technological approach indeed has its appeal.

ETH0.51%

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SybilSlayer

· 10h ago

160,000 ETH? What new trick is Richard Heart up to this time... ProveX? Never heard of it. Does anyone know what this is? The transfer speed is indeed a bit outrageous. It's Tornado again, and large transfers too. The pace is a bit tense. Wait, is ProveX related to HEX? Or is it another new vampire attack project... Could this be a prelude to some grand plan again? The pattern feels a bit familiar. 162,937 ETH... Just thinking about this number makes my scalp tingle.

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ChainBrain