The hacker has transferred $4.8 million in funds to Bitcoin and Avalanche following the $41 million hack on crypto casino Stake. According to CertiK, a blockchain security firm, they have moved an additional $328,000 million worth of Polygon (MATIC) and BNB tokens. These recent actions come in the wake of the exploit on Sept 4.
The most recent transfer involved 300 BNB tokens valued at approximately $61,500. This significant transaction occurred on Sept 11 at 4:09 pm UTC and was sent to the external wallet address “0x695…”. Subsequently, these tokens were seamlessly transferred to the Avalanche blockchain.
An additional 520,000 MATIC tokens, valued at over $266,000, had also been transferred to Avalanche earlier at 7:18 am UTC.
The stolen funds, which amount to $4.5 million, were bridged to the Bitcoin blockchain on Sept 7. According to Arkham, a trusted blockchain security firm, an additional $328,000 was obtained through 520,000 MATIC and 300 BNB tokens.
However, it’s important to note that this transfer only represents a mere 1.2% of the total $41 million stolen by the hackers.
The hacker accessed Stake’s Binance Smart Chain and Ethereum hot wallets, enabling them to hack on Sept 4. The United States Federal Bureau of Investigation suspects North Korea’s Lazarus Group orchestrated this exploit.
Crypto Hacks & Scams Cross $1 Billion Mark In 2023
However, With $41 million taken from Stake, the malicious actors in the industry have now pushed the toll of crypto hacks and scams to well over $1 billion in 2023.
CertiK had reported the total amount as $997 million by the end of August. However, recent attacks in the past two weeks will result in surpassing the significant milestone of $1 billion.
In Sept, a whale in the world of cryptocurrencies suffered a significant loss. A staggering sum of $24 million worth of staked Ether (ETH) was snatched away from them, all due to a cunning phishing attack on Sept 6. As if that wasn’t enough, it seemed like misfortune had no boundaries when the illustrious X account belonging to Vitalik Buterin (previously known as Twitter) fell victim to compromise in Sept.
The three occurrences would bring CertiK’s August total to a minimum of $1.04 billion.
Other recent incidents have caused significant setbacks for investors. Pepe coin’s withdrawal incident alone resulted in a loss of $13.2 million, while Exactly Protocol’s exploit amounted to $7.3 million. Additionally, a security vulnerability in Balancer exposed the platform to damages worth $2.1 million.
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