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DominanceBTC60.83%0%ETH8.97%+0.52%
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MainNewsFrom SHIB to...

From SHIB to ETH to Tornado: How Bitrue’s stolen crypto is finally on the move


by Parth Dubey
for CoinEdition
Bitrue Hack Update: Hacker Launders Millions via Tornado Cash
  • Bitrue hacker resurfaces after a year, laundering millions through Tornado Cash mixer
  • Hot wallet risks reignite after Bitrue and KiloEX hacks shake crypto industry trust
  • Blockchain analysts trace Bitrue hacker’s moves as laundered funds re-enter Ethereum markets

The hacker behind the $23 million Bitrue exchange breach has resurfaced, moving and laundering a significant portion of the stolen crypto after lying low for nearly a year. 

Blockchain analytics firm Onchain Lens reported that the attacker recently offloaded $2.88 million worth of Shiba Inu (SHIB) and Holo (HOT) tokens to acquire 1,511 ETH at an average price of $1,911 per ETH.

Following the conversion, the hacker laundered 1,050 ETH—approximately $1.89 million—through Tornado Cash, a decentralized crypto mixer known for obfuscating fund flows. Despite the transactions, …

The post From SHIB to ETH to Tornado: How Bitrue’s stolen crypto is finally on the move appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Bybit unveils TradFi platform to blend crypto and traditional markets

Bybit unveils TradFi platform to blend crypto and traditional markets

Bybit launched a new platform on June 16 that allows users to trade gold, forex, stoc...
Malta’s Crypto License Rush Puts EU’s MiCA Law to the Test

Malta’s Crypto License Rush Puts EU’s MiCA Law to the Test

The EU’s new Markets in Crypto-Assets (MiCA) regulation is facing a significant test ...
MainNewsFrom SHIB to...

From SHIB to ETH to Tornado: How Bitrue’s stolen crypto is finally on the move


by Parth Dubey
for CoinEdition
Bitrue Hack Update: Hacker Launders Millions via Tornado Cash
  • Bitrue hacker resurfaces after a year, laundering millions through Tornado Cash mixer
  • Hot wallet risks reignite after Bitrue and KiloEX hacks shake crypto industry trust
  • Blockchain analysts trace Bitrue hacker’s moves as laundered funds re-enter Ethereum markets

The hacker behind the $23 million Bitrue exchange breach has resurfaced, moving and laundering a significant portion of the stolen crypto after lying low for nearly a year. 

Blockchain analytics firm Onchain Lens reported that the attacker recently offloaded $2.88 million worth of Shiba Inu (SHIB) and Holo (HOT) tokens to acquire 1,511 ETH at an average price of $1,911 per ETH.

Following the conversion, the hacker laundered 1,050 ETH—approximately $1.89 million—through Tornado Cash, a decentralized crypto mixer known for obfuscating fund flows. Despite the transactions, …

The post From SHIB to ETH to Tornado: How Bitrue’s stolen crypto is finally on the move appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Bybit unveils TradFi platform to blend crypto and traditional markets

Bybit unveils TradFi platform to blend crypto and traditional markets

Bybit launched a new platform on June 16 that allows users to trade gold, forex, stoc...
Malta’s Crypto License Rush Puts EU’s MiCA Law to the Test

Malta’s Crypto License Rush Puts EU’s MiCA Law to the Test

The EU’s new Markets in Crypto-Assets (MiCA) regulation is facing a significant test ...