Wallet Linked to Coinbase User Scam Moves 3M sUSDS, Deposits 1,389.6 ETH into Tornado Cash

The laundering path here is the story: a tokenized T-bill position (sUSDS) was liquidated into ETH and pushed through Tornado Cash in 36 tranches, a reminder that yield-bearing RWA wrappers are as liquid and as portable as any stablecoin once an attacker holds them. That matters for issuers and compliance teams, who now face the question of how such flows are monitored and whether freezing tools can act before conversion. The 2025 attribution to a Coinbase-user scam suggests the trail is known but the funds are not. Whether on-chain monitoring translates into recovery, or just better forensics, is the open question.