On-Chain Detector ZachXBT Uncovers $27M Crypto Theft in Recent Hack

• Significant crypto theft amounting to $27 million was exposed by on-chain detective ZachXBT. 
• The stolen amount was transferred to various centralized exchanges, including Binance and KuCoin. 
• ZachXBT claimed that the victim’s address is connected to the Binance deployer.

On-chain detective ZachXBT shared a recent hack that occurred in which a victim lost approximately $27 million. The hack took place on November 11, and when ZachXBT shared the news on November 12, he said, “It appears someone had 27 million USDT stolen yesterday.”

It appears someone had 27M USDT stolen yesterday.

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USDT was quickly swapped for ETH, then transferred to a number of services (FixedFloat, ChangeNow, etc), and bridged to Bitcoin via THORChain. pic.twitter.com/SgEBwyZZSc

— ZachXBT (@zachxbt) November 12, 2023

The amount lost was in Tether USD (USDT), and ZachXBT stated that the amount was quickly swapped for ETH. Moreover, the money was transferred to several protocols, such as FixedFloat and ChangeNow, both of which claim to be instant crypto exchanges. 

Furthermore, PeckShieldAlert, a blockchain securit…

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