Binance-linked wallet drained of $27 Million in Tether— How the hackers outsmarted the blockchain
A crypto wallet associated with Binance has fallen prey to a sophisticated heist. The theft, totaling $27 million, was primarily in Tether stablecoins (USDT). Notably, the breach was unearthed by renowned blockchain detective ZachXBT. The path of the stolen funds The stolen funds were initially converted into Ethereum (ETH) through multiple protocols, including Fixed Float. Subsequently, these were then transferred to Bitcoin via the THORChain network. According to ZachXBTs meticulous analysis, the wallet received these funds from a Binance withdrawal just a week prior. Moreover, in May 2019, the same wallet reportedly received transactions from an address marked by Etherscan as a Binance smart contract deployer. This detail adds another layer to the ongoing investigation. Tampaknya seseorang telah mencuri 27 juta USDT kemarin. 0x0f2183c8e415e61b4ad7774bf1097019eb2d5b85798a2a229070495131d60321 USDT was quickly swapped for ETH, then transferred to a number of services (FixedFloat, ChangeNow, etc), and bridged to Bitcoin via THORChain. — ZachXBT (@zachxbt) November 12, 2023 The alleged attack took place yesterday, catching the crypto community off guard. It drained the wallet of its substantial USDT holdings, raising concerns about security measures. Cyber attacks in the crypto industry This incident raises significant concerns regarding the security of digital assets. The ease with which the funds were diverted and laundered through various channels calls