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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

Fear and Greed Stabilizes as Bitcoin Sets the Stage for Crypto’s Next Surge

Fear and Greed Stabilizes as Bitcoin Sets the Stage for Crypto’s Next Surge

The cryptocurrency market is showing signs of a possible bullish wave as several indi...
Nexo Brings Instant Crypto Loans and Savings Products Back to U.S. Users

Nexo Brings Instant Crypto Loans and Savings Products Back to U.S. Users

Nexo has officially resumed its operations in the United States, marking a full retur...
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

Fear and Greed Stabilizes as Bitcoin Sets the Stage for Crypto’s Next Surge

Fear and Greed Stabilizes as Bitcoin Sets the Stage for Crypto’s Next Surge

The cryptocurrency market is showing signs of a possible bullish wave as several indi...
Nexo Brings Instant Crypto Loans and Savings Products Back to U.S. Users

Nexo Brings Instant Crypto Loans and Savings Products Back to U.S. Users

Nexo has officially resumed its operations in the United States, marking a full retur...