SBI Crypto $21M Outflows Routed Through Tornado Cash

Blockchain sleuth ZachXBT and security researchers reported roughly $21 million in suspicious outflows from addresses linked to SBI Crypto, a mining-pool subsidiary of Japan’s SBI Group. The transfers involved Bitcoin, Ethereum, Litecoin, Dogecoin and Bitcoin Cash and were routed through several instant exchanges before moving into Tornado Cash, a mixer used to obscure transaction origins. Analysts said the movement's pattern resembles tactics used by DPRK-linked actors such as the Lazarus Group, but attribution has not been confirmed and investigators continued on-chain tracing. SBI Group had not publicly acknowledged the activity. The episode underscores vulnerabilities in peripheral crypto infrastructure even for large TradFi firms and renews scrutiny of mixing services used to launder assets.