Euler Finance hacker has started moving some of the stolen funds through sanctioned mixing protocol Tornado Cash, according to on-chain data.

Blockchain analytics firm PeckShield reported that the hacker moved 1000 Ethereum (ETH) into the Tornado Cash mixer through an intermediary address “0xc66d…c9a.”

The firm added that the hacker still holds 1,500 ETH — roughly $2.47 million — at the same address.

Blockchain security firm Certik corroborated Peckshield’s report, adding that the “0xc66d” address is labeled as Fake_Phishing76535 on Etherscan.

Meanwhile, Euler Labs has offered a $1 million reward to anyone who can provide information that could lead to the retrieval of the stolen funds and the hacker’s arrest.

(By Oluwapelumi Adejumo)