On November 12, an attacker hacked a crypto wallet totaling about $27 million in the USDT stablecoin. This was stated by on-chain detective ZachXBT.
The attacked user received USDT after withdrawing from Binance about a week ago. As ZachXBT noted, the wallet also interacted with the exchange's smart contract deployment address in May 2019.
The hacker converted the received funds to Ethereum, and then sent them to various services like FixedFloat and ChangeNOW. After that, he transferred assets to the bitcoin network via THORChain.
"Probably, [the hacker] will transfer funds to the mixer or send them to a dubious service. Withdrawal of large amounts through the OTC market is a common occurrence (it will happen later, after the funds are washed out)," the researcher concluded.
Earlier, ZachXBT suspected the theft of 1282 ETH (~$2 million at the time of the attack) at the CoinSpot exchange as a result of hacking.
The attacked user received USDT after withdrawing from Binance about a week ago. As ZachXBT noted, the wallet also interacted with the exchange's smart contract deployment address in May 2019.
The hacker converted the received funds to Ethereum, and then sent them to various services like FixedFloat and ChangeNOW. After that, he transferred assets to the bitcoin network via THORChain.
"Probably, [the hacker] will transfer funds to the mixer or send them to a dubious service. Withdrawal of large amounts through the OTC market is a common occurrence (it will happen later, after the funds are washed out)," the researcher concluded.
Earlier, ZachXBT suspected the theft of 1282 ETH (~$2 million at the time of the attack) at the CoinSpot exchange as a result of hacking.
