Wu Shuo learned that according to Arkham analyst Emmett Gallic, HEX and PulseChain founder Richard Heart launched a new round of "Sacrifice" for his new protocol ProveX, raising over $410 million in total. However, approximately $400 million (about 120,000 ETH) is believed to come from funds he personally washed through Tornado Cash, involving over 950 addresses. Gallic stated that these ETH originated from previously PulseChain-related addresses, first entering Tornado Cash, then flowing through more than 960 wallets into ProveX Sacrifice; due to the decline in ETH prices, this portion of ETH has a floating loss of about $280 million compared to when it was initially deposited into Tornado Cash.
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Wu Shuo learned that according to Arkham analyst Emmett Gallic, HEX and PulseChain founder Richard Heart launched a new round of "Sacrifice" for his new protocol ProveX, raising over $410 million in total. However, approximately $400 million (about 120,000 ETH) is believed to come from funds he personally washed through Tornado Cash, involving over 950 addresses. Gallic stated that these ETH originated from previously PulseChain-related addresses, first entering Tornado Cash, then flowing through more than 960 wallets into ProveX Sacrifice; due to the decline in ETH prices, this portion of ETH has a floating loss of about $280 million compared to when it was initially deposited into Tornado Cash.