PeckShield Flags $7.9M Laundering Operation Linked to Pig-Butchering Scam
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 06 2026- Laundering Operation Exposed: PeckShield's report reveals that address 0xB8b4…3714 has laundered nearly 2,500 ETH (approximately $7.9 million) through Tornado Cash, indicating a complex laundering network potentially linked to a long-term 'pig-butchering' investment scam.
- Source of Funds Analysis: The funds originated from multiple TRON wallets before being bridged to Ethereum and systematically deposited into Tornado Cash in batches, demonstrating a pattern of small deposits and larger transfers to obscure the origins of the funds.
- Ongoing Laundering Activity: PeckShield noted that the laundering process remains active, suggesting that the operator is continuously moving assets rather than completing a one-time event, which adds complexity for investigators.
- Compliance Challenges: Despite Tornado Cash being sanctioned by U.S. authorities, malicious actors continue to exploit this tool for laundering; PeckShield urges exchanges and compliance teams to closely monitor cross-chain inflows and Tornado Cash-related activities to enable early detection and limit losses.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
