Ronin hackers transferred stolen funds from ETH to BTC and used sanctioned mi...
The hackers continue to spread out the stolen funds using Bitcoin privacy tools as a means to remain anonymous, despite the identity of the hackers believed to be a North Korean cybercrime group. The hackers behind the $625 million Ronin bridge attack in March have since transferred most of their funds from ETH into BTC using renBTC and Bitcoin privacy tools Blender and ChipMixer. The hacker’s activity has been tracked by on-chain investigator ‘₿liteZero’, who works for SlowMist and contributed to the company’s 2022 Mid-Year Blockchain Security report. They outlined the transaction pathway....
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Hackers who drained around $625 million from the Ronin Bridge attack in March have transferred funds from Ethereum to the Bitcoin network using privacy tools. In order to hide their identity, cybercriminals, who are believed to be part of the North Korean cybercrime group, Lazarus, used the Ren protocol, mixers, and several centralized exchanges to […]
The previously sanctioned crypto mixer app Tornado Cash used to increase the anonymity of crypto funds for privacy concerns, still is being used by hackers. Two blockchain security and research firms, Peckshield and Certik, have detected the transfer of stolen funds of the DAI Maker exploit that happened in August 2021 and lost over $7 […]
While North Korea leads the world in crypto crime, crypto analytic firms have estimated that DPRK hackers have found it increasingly difficult to launder stolen crypto funds. North Korea leads the world in crypto crime, with over 15 documented instances of cyber theft amounting to $1.59 billion in stolen funds. However, the recent crypto market turmoil has wiped out millions of dollars from the country’s stolen crypto portfolio.The crypto market rundown that started in May wiped out hundreds of billions of dollars from the crypto industry, where most of the crypto assets fell by over 70%....
SudoRare suddenly shut down its services and social media accounts after reportedly making away with 519 Ether, worth roughly $815,000. SudoRare, an automated market maker (AMM) protocol for ERC-721 to ERC-20 swaps, suddenly shut down its services and social media accounts after reportedly making away with 519 Ether (ETH), worth roughly $815,000. A crypto community member, sungjae_han, was first to point out a suspicious transaction that drained substantial funds off SudoRare using LooksRare (LOOKS) and USD Coin (USDC) tokens.#PeckShieldAlert #rugpull Seems like @SudoRare rugged 519 $ETH....
More than 5,505 Ether of the Ronin Bridge exploitation seems to be transferred through Tornado Cash, a unique privacy crypto exchange. Blockchain data showed that the address associated with the $625 million Ronin Bridge Attack had begun transferring ether tokens valued at over $10 million. This occurred during the Asian morning hours. The data showed that the Ronin hacker had transferred over 5,505 ether to one unknown account this morning. Additionally, the funds were sent from another Ethereum wallet funded by the prominent hacker’s blockchain address. All these took place within the....