The onchain transactions of the exploiter behind the $116 million Balancer hack point to a sophisticated actor and extensive preparation that may have taken months to orchestrate without leaving a trace, according to new onchain analysis.

The data-ct-non-breakable=”null” href=”https://cointelegraph.com/learn/articles/what-are-decentralized-exchanges-and-how-do-dexs-work”>decentralized exchange (DEX) and automated market maker (AMM) Balancer was exploited for data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/balancer-suspected-70m-exploit-staked-ether-new-wallet”>around $116 million worth of digital assets on Monday.

Blockchain data shows the attacker carefully funded their account using small 0.1 Ether (ETH) deposits from cryptocurrency mixer Tornado Cash to avoid detection.

Conor…

The onchain transactions of the exploiter behind the $116 million Balancer hack point to a sophisticated actor and extensive preparation that may have taken months to orchestrate without leaving a trace, according to new onchain analysis.

The data-ct-non-breakable=”null” href=”https://cointelegraph.com/learn/articles/what-are-decentralized-exchanges-and-how-do-dexs-work”>decentralized exchange (DEX) and automated market maker (AMM) Balancer was exploited for data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/balancer-suspected-70m-exploit-staked-ether-new-wallet”>around $116 million worth of digital assets on Monday.

Blockchain data shows the attacker carefully funded their account using small 0.1 Ether (ETH) deposits from cryptocurrency mixer Tornado Cash to avoid detection.

Conor…