After making off with $35 million value of ill-gotten crypto, the hackers who focused Atomic Pockets earlier this month have coated their on-chain tracks utilizing the cross-chain liquidity protocol THORChain.
- In accordance with the crypto monitoring platform MistTrack, the hacker’s deal with transferred 503 Ether (ETH) to THORChain over the previous two days.
- These funds had been then swapped for Bitcoin (BTC) and bridged right into a Bitcoin deal with. As well as, a lot of the stolen ETH was transformed to BTC utilizing the SWFT blockchain.
For instance:
In accordance with @MistTrack_io monitoring, the hacker deal with (0xad3c…1e44) transferred 503.08 $ETH to @THORChain within the final two days and swap for $BTC, then bridged to the BTC deal with (bc1q…k2xm). pic.twitter.com/Y0N7uptxg7
— MistTrack🕵️ (@MistTrack_io) June 20, 2023
- On-chain sleuth ZachXBT estimated this month that Atomic Pockets customers had misplaced upwards of $35 million in complete after receiving quite a few reviews from customers claiming to have had their funds drained. Stolen property included BTC, ETH, Tether (USDT), Dogecoin (DOGE), Litecoin (LTC), BNB Coin (BNB), and Polygon (MATIC).
- Blockchain analytics agency Elliptic later linked the North Korean hacking group Lazarus to the theft, after stolen funds had been laundered by means of Sinbad.io – a coin mixer utilized by the group.
- The next week, hackers transferred a few of the stolen property to the Russian crypto change Garantex, which is sanctioned by the U.S. Treasury’s Workplace of Overseas Belongings Management (OFAC). Earlier than that, hackers used 1INCH to change their property for USDT.
- Lazarus Group hackers have used chain-hopping quite a few instances to hide funds. After the $600 million Ronin bridge hack final yr, the group used the REN protocol and different CEXs to maneuver their stolen property over to Bitcoin.
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