Pando Rings hacker address transfers 4,000 ETH to Tornado Cash

Pando Rings hacker address moved roughly 4,000 ETH (about $9.22 million) into Tornado Cash on November 2, according to on-chain monitoring by Ember (余烬). The address had purchased 7,548 ETH for approximately 16.98 million DAI three days earlier at an average price of around $2,249 per ETH. The funds are linked to the Pando Rings exploit of roughly four years ago, in which about $22 million in assets were stolen from the protocol. The laundering activity signals the hacker is actively moving stolen funds, which could add modest sell pressure or at least raise monitoring interest around the wallet. Watch for further Tornado Cash deposits from the address and any movement of the remaining ~3,500 ETH still held from the original purchase.