ProveX raises over $410 million, with approximately $400 million in ETH suspected to have been laundered through Tornado Cash.

WuSaidBlockchainW · 2026-02-08T01:33:36+00:00

Richard Heart's ProveX protocol raised over $410 million through a new round of "Sacrifice," with approximately $400 million reportedly originating from funds laundered by himself, involving over 950 addresses. Due to the decline in ETH prices, this portion of funds has an unrealized loss of about $280 million.

WuSaidBlockchainW

2026-02-08 01:33:36

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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 previous 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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