pandorings

Pando Rings attacker has become active again after two months of silence. On-chain records show that it exchanged 3 million DAI for approximately 1,570 ETH via the CoW Protocol, and then split the amount into 8 transactions to transfer 800 ETH to Tornado Cash, with a value of about $1.52 million.

The address is linked to the November 2022 Pando Rings oracle manipulation incident, during which the protocol suffered losses of about $20 million. This swap and withdrawal activity is concentrated on the ETH chain, and remains part of the ongoing process of post-attack funds aggregation and anonymization.

ETH is currently quoted at 1,912.1 USDT on Binance’s spot market, up about 2.03% over the past 24 hours. So far, the on-chain fund movements have not produced a directly verifiable causal relationship with the price.

For market observation only and does not constitute investment advice.

#PandoRings #ETH #on-chain security

Pando Rings attacker operations are back in the spotlight: On-chain data shows that this address sold off all 6,240 ETH it had scooped up at a low price 3 days ago, swapping it for about 10.29 million DAI, raking in over $290,000 in just three days. The attacker not only capitalized on the protocol vulnerability but also made a decisive exit at the ETH price rebound point, locking in on-chain gains as DAI—completing the loop from "attack" to "cash out". Events like this serve as a reminder for DeFi users: protocol security is no small matter, and fund safety should always be the top priority.⚠️

#PandoRings #DeFi安全 $ETH