$6.7M DeFi Exploit: TrustedVolumes Hacker Actively Converting Stolen ETH to Bitcoin

Blockchain intelligence firm PeckShield reports that the TrustedVolumes attacker has begun systematically laundering the $6.7 million in stolen cryptocurrency through privacy mixers and cross-chain bridges. The threat actor has successfully converted $278,000 in compromised assets, including moving Ethereum through Tornado Cash and converting 110 ETH to Bitcoin via THORChain. Security auditors identified a critical flaw in TrustedVolumes’ custom RFQ protocol where three simultaneous security guarantees failed, allowing the attacker to drain millions in a single transaction.

Ethereum Security Crisis Deepens: Can ETH Hold Key Support Levels Amid Mass Wallet Exploit?

Ethereum faces a significant security crisis as hundreds of dormant wallets are simultaneously drained, threatening the blockchain’s credibility. With ETH trading near $2,300 and technical indicators flashing bearish signals, the question remains whether the network can defend critical support levels while researchers race to identify and patch the underlying vulnerability.