Huo Xing Cai Jing reports that on November 2, according to PeckShield monitoring, the PandoRings exploit address deposited 16.8 million USDT into Aave, borrowed 5,000 ETH, repaid the debt, and withdrew collateral on October 30. Subsequently, the address exchanged 16.7 million DAI for 7,548 ETH and deposited 4,000 ETH into TornadoCash. On November 5, 2022, the Pando Rings project suffered a major security incident in which an attacker exploited a vulnerability in its price oracle and stole approximately $20 million.
Pando Rings hacker transfers 4,000 ETH to Tornado Cash after Aave loan
MarsBitShare
Summary
According to MarsBit, on November 2, 2026, an address linked to the Pando Rings exploit deposited 16.8 million USDT into Aave, borrowed 5,000 ETH, repaid the loan, and withdrew collateral on October 30. The address later exchanged 16.7 million DAI for 7,548 ETH and transferred 4,000 ETH to Tornado Cash. The Pando Rings hack occurred on November 5, 2022, resulting in a $20 million theft of ETH via a price oracle exploit.
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