Hacker Funnels Illicit RocketSwap Gains Through DEX and CEX

• Hacker stole $865,000 from RocketSwap using various techniques.
• Stolen funds were laundered through ETH and transferred to different platforms.
• RocketSwap faced backlash for disabling communication and criticized for poor security measures.

The Ethereum address linked to the hacker behind the recent $865,000 theft of funds from decentralized exchange (DEX) RocketSwap has moved the stolen assets through various laundering techniques, according to blockchain tracker PeckShieldAlert.

On August 14, RocketSwap was compromised when private keys were brute-forced, enabling the creation of memecoin LoveRCKT and the transfer of proceeds to Uniswap. The incident was initially believed to potentially be a rug-pull scam by developers.

Following the hack, PeckShieldAlert reported that 169 ETH was laundered t…

The post Hacker Funnels Illicit RocketSwap Gains Through DEX and CEX appeared first on Coin Edition.