A hacker who stole $23 million from crypto trade Bittrue in 2023 has began to launder the proceeds via Twister Money, in line with Debank information cited by EmberCN.
The hacker despatched $30 million price of ether
to the blending service on Thursday, having offered the token in 2023, shopping for it again after the value fell and holding it via ether’s subsequent features.
The second-largest cryptocurrency by market worth traded as excessive as $2,450 in 2023, and had dropped to as little as $1,472 in April earlier than rebounding to commerce as excessive as $2,873 this week, CoinDesk information present. The hacker made a $9.37 million in revenue on their transaction, EmberCN mentioned.
Debank information reveals that the entire stolen funds at the moment are being dispersed via Twister Money. It’s unclear whether or not the hacker was part of a bigger group or working solo.
Crypto traders misplaced $1.67 billion to hacks and exploits within the first quarter of this yr because the business struggled to constrain the legal underworld regardless of a speedy advance in institutional adoption.
The hacker’s on-chain path on Etherscan reveals that some funds had been additionally laundered in April and between that interval there have been additionally a number of deposits to decentralized derivatives trade HyperLiquid.
