0xSifu Moves Thousands of ETH to Tornado.Cash

0xSifu Moves Thousands of ETH to Tornado.Cash

THELOGICALINDIAN - The above Wonderland treasury administrator insists the funds are his

0xSifu, the recently-ousted treasury administrator of the decentralized accounts agreement Wonderland Money, has beatific millions of dollars’ account of Ethereum to Tornado.Cash, a belvedere that allows users to abstruse the movement of their funds. 0xSifu was recently outed as Michael Patryn, co-founder of the counterfeit Canadian crypto barter QuadrigaCX. 

ETH on the Move

Michael Patryn, bigger accepted beneath the pseudonym 0xSifu, appears to accept sent 2,100 ETH (worth about $5.85 million) to Tornado.Cash, a aloofness agreement that allows users to abstruse their Ethereum transactions, over the aftermost 13 hours.

Patryn has responded several times on Twitter to users alleging he was complex in abhorrent play, insisting that the funds were his own. The movement of the funds was first acicular out by PeckShield, a blockchain aegis company; to this, Patryn replied, “Amazing. Alerts for my own money.”

Shortly afterward, back a user asked, “Whose money is he moving?” in acknowledgment to Peckshield’s additional alert, Patryn wrote, “Mine. Apparently you’re activity to get active spammed for a while.”

Responding to Coindesk’s claim that he was bed-making money, Patryn replied sarcastically, writing, I assumption all transfers to Tornado are advised ‘laundered’ to you.”

When Twitter user 0xTuti suggested to Patryn that the eyes of his accommodation to use of Tornado.Cash were not optimal, Patryn explained that he was accomplishing so because he capital aloofness from the “thousands of randos” tracking his wallet.

Trouble in Wonderland

It has been a difficult anniversary for the Wonderland Money community, but the agitation started afore 0xSifu, its above treasury manager, was revealed to be Michael Patryn, a bedevilled fraudster, on Jan. 27. The day before users had suffered cogent liquidations, while the TIME badge was off its highs by 95%; the MEMO token, meanwhile, was trading far beneath its alleged built-in value. 

The developments came to a arch back Daniele Sestagalli, who it was after appear knew about Patryn’s accomplished afore it was about discovered, called for the end of his Wonderland activity on Sunday. It appears, though, that due to association support, the activity has not met its end aloof yet. Sestagalli posted today that the activity would abide acknowledgment to the association voting in favor of it. 

Disclosure: At the time of writing, the columnist of this allotment endemic BTC, ETH, and several added cryptocurrencies.