The crypto detective ZachXBT has found a suspicious connection between the Uranium Finance hacker and Magic The Gathering (MTG) trading cards.
In the latest post, ZachXBT shared that he has been monitoring an on-chain entity that appears to be a Uranium hacker. He withdrew over 11,200 ETH—worth approximately $25 million—from Tornado Cash and spent most of it buying Magic The Gathering (MTG) trading cards.
Zach said that this hacker withdrew 11,000 ETH from Tornado Cash, a crypto mixer now sanctioned by the U.S. government, and used it to purchase MTG cards via a broker who accepts crypto payments. The hacker used a wrapping and unwrapping strategy to convert ETH into USDC before broker payment.
The hacker has spent millions of dollars buying starter decks, alpha sets, and sealed boxes from Magic The Gathering, even overpaying 5 to 10%. Zach said he found the broker by contacting MTG sellers directly, who accepted crypto payments.
While finding the hacker entity that first withdrew 11,000 ETH from Tornado Cash, Zach came across the $50 million Uranium Finance hack of April 2021.
According to on-chain data history, the address Zach has been tracking has received a huge amount of ETH from Tornado Cash just after the Uranium hacker’s deposits.
The analysis essentially reveals a method by which the hacker could walk away clean with illicitly acquired crypto assets.