Piedun Platform has detected a major multi-signature wallet attack incident. The attacker stole $27.3 million from the compromised wallet and then began dispersing the funds.

Specifically, the attacker has withdrawn 1,000 ETH from the Aave protocol, which is worth approximately $3.24 million at current prices. More notably, they have been conducting ongoing money laundering operations through Tornado Cash — depositing a total of 6,300 ETH, valued at up to $19.4 million. This indicates an attempt by the attacker to conceal the source of the funds.

From a holdings perspective, the attacker currently controls the compromised multi-signature wallet and has established a large leveraged long position. They used ETH worth $20.5 million as collateral to borrow $10.7 million in DAI stablecoins from the lending market, with a total position value of about $9.75 million. This high leverage increases market risk exposure and means that any price fluctuations could trigger a chain reaction.

The entire chain of events shows that the attacker has clear operational logic in fund concealment and risk management, which warrants industry vigilance.