BlockBeats, citing monitoring by EmberCN, reported that a wallet linked by the analyst to the theft of about $22 million from the Pando Rings project moved 4,000 ETH worth roughly $9.22 million through Tornado Cash.
Reported transaction sequence
EmberCN said the wallet had spent 16.98 million DAI to buy 7,548 ETH at an average price of about $2,249 after the market decline linked to the Binance attack. The 4,000 ETH transfer occurred about two hours before the BlockBeats flash was published.
Attribution limits
The wallet’s connection to the Pando Rings theft and the transaction interpretation come from EmberCN’s on-chain monitoring. The flash did not provide an independent forensic report or a court finding about the wallet owner.
Source: BlockBeats English flash; EmberCN post cited by BlockBeats, published Nov. 2, 2026.