- Over a two-year period, the Bitrue hacker has successfully stolen $23 million in crypto by converting it into Ethereum and funneling it through Tornado Cash.
- The Bitrue hack occurred in April 2023, when the attacker stole different crypto tokens and converted them into ETH, holding them until 2024–2025.
Bitrue, a prominent cryptocurrency exchange, was hit with a major hack in 2023, after a hacker stole $23 million worth of crypto assets.
According to recent blockchain activity shared by EmberCN, a prominent on-chain data reporter on X, the attacker has been slowly moving the stolen funds, funneling large amounts of Ethereum through the sanctioned crypto mixer Tornado Cash.
The details of the hack covered that over the last two years, the hacker meticulously laundered the entire $23 million through a series of calculated crypto trades and transfers. The user made use of Tornado Cash, a crypto mixer designed to disguise transaction trails. During this time, the value of the token also grew significantly.
By the end of the laundering process, the stolen assets were converted into 12,079 ETH worth approximately $32.36 million, which is a $9.36 million increase from the original amount. With all of this, the hacker also made an additional $4.72 million by strategically swing trading Ethereum.
The data also showed the details of how the assets were moved from March 2024, when the hacker sold 4,207 ETH, to April 2025, when they started moving and cleaning smaller batches of ETH, sending 1,050 coins through Tornado Cash. Then finally on June 12, 2025, the attacker moved 5,111.5 ETH along with the entire 16.345 million DAI stash to a new wallet.
How the Bitrue Hack Happened
The hack started in April 2023, when the hacker penetrated Bitrue systems and stole different crypto tokens, which were worth about $23 million at the time. Immediately after they completed the theft, they converted the different tokens into ETH and held the funds for months before strategically.
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