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


by Parth Dubey
for CoinEdition

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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

In This News

Coins

$ 3.11K

-0.60%

$ 0.0154

-1.92%

$ 0.00...361

$ 0.000513

-1.35%

$ 0.000512

-1.43%

Share:

In This News

Coins

$ 3.11K

-0.60%

$ 0.0154

-1.92%

$ 0.00...361

$ 0.000513

-1.35%

$ 0.000512

-1.43%

Share:

Read More

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


by Parth Dubey
for CoinEdition

Share:

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

In This News

Coins

$ 3.11K

-0.60%

$ 0.0154

-1.92%

$ 0.00...361

$ 0.000513

-1.35%

$ 0.000512

-1.43%

Share:

In This News

Coins

$ 3.11K

-0.60%

$ 0.0154

-1.92%

$ 0.00...361

$ 0.000513

-1.35%

$ 0.000512

-1.43%

Share:

Read More

Upbit Freezes 2.6 Billion Won in Stolen Assets, Launches 10% Recovery Bounty

Upbit Freezes 2.6 Billion Won in Stolen Assets, Launches 10% Recovery Bounty

Upbit cryptocurrency exchange has frozen 2.6 billion won worth of assets that were vi...
KuCoin Lists Stable (STABLE): First L1 Blockchain with USDt as Native Gas Token

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KuCoin has announced the listing of Stable (STABLE) on its Spot trading platform. Thi...