The post Wallets linked to ProveX project launder ETH through Tornado Cash appeared on BitcoinEthereumNews.com.The ProveX project by Richart Heart plans to launch a new token and a perpetual futures DEX using on-chain proofs. Wallets linked to the project now seem to be laundering funds through Tornado Cash. ProveX is the latest project launched by long-running crypto influencer Richard Heart. The founder of HEX, PulseChain, and PulseX announced a new project, once again re-using the model of sacrificing ETH to mint new tokens. Heart launched the new project a few months after the end of his Securities and Exchange Commission lawsuits. The ProveX project reused the model that first emerged with HEX, where investors sacrificed ETH to mint the new token, similar to a long-running ICO. Later, Heart reused the model, with the most recent iteration of PulseChain in 2022. ProveX ETH deposits are on the move The main promise of ProveX would be the potential to become one of the first recipients of a new ecosystem token. The project copied the approach of PulseX, setting up a public sacrifice address for ETH. The ETH in that address were not locked in any way and were movable. What happened next suggests the project’s founder may be reusing some of the ETH or taking out tokens from previous projects. Heart, by virtue of his long-running crypto career, has also accumulated significant ETH reserves. On-chain researchers first noticed an anomalously large withdrawal from Tornado Cash. Although the mixer hides the origin of funds, the transactions and the quantities of ETH may be linked to previous users as a high-probability guess. On January 6, Tornado Cash had a spike in withdrawals, with a series of 100 ETH transactions, which later consolidated to a single wallet. Later, others noticed a total of 128,808 ETH entering the ProveX wallet. The analysts made a connection to a previous deposit made…
