Atomic wallet heist: hackers utilize THORChain to mask $35 million stolen funds

TL;DR Breakdown

  • MistTrack uncovers THORChain’s role in obfuscating $35M stolen funds from Atomic Wallet.
  • Hackers utilize the Swft network to complicate tracking stolen funds in the Atomic Wallet heist.
  • Audacious perpetrators defy regulations by funneling stolen funds into blacklisted exchanges.

Description

In a shocking revelation, blockchain detective MistTrack has unveiled the masterminds behind the audacious $35 million theft from Atomic Wallet. The perpetrators, exhibiting unparalleled expertise in the field, cunningly employed the cross-chain liquidity protocol THORChain to obfuscate their illicit activities and launder the stolen funds. MistTrack’s meticulous analysis uncovered a series of intriguing transactions that … Read more

In a shocking revelation, blockchain detective MistTrack has unveiled the masterminds behind the audacious $35 million theft from Atomic Wallet. The perpetrators, exhibiting unparalleled expertise in the field, cunningly employed the cross-chain liquidity protocol THORChain to obfuscate their illicit activities and launder the stolen funds.

MistTrack’s meticulous analysis uncovered a series of intriguing transactions that transpired in the last two days, painting a vivid picture of the hackers’ tactics. Astoundingly, approximately $870,000 worth of ether (ETH) swiftly traversed THORChain’s domain, only to be seamlessly converted into bitcoin (BTC), further deepening the mystery surrounding the audacious hack.

The investigation took an unforeseen turn when MistTrack discovered that the hackers ingeniously utilized the Swft network to transfer portions of the stolen ether to multiple Bitcoin addresses. This clever maneuver significantly complicated the efforts of law enforcement agencies to trace the illicit flow of funds.

Despite the hackers’ astonishingly sophisticated methods, a seemingly paradoxical twist emerged in the heist narrative. Last week, the audacious perpetrators daringly funneled a portion of their ill-gotten gains into the cryptocurrency exchange Garantex. This action, however, defied the regulations enforced by the Office of Foreign Assets Control (OFAC) at the U.S. Treasury, as the blacklisting of Garantex had been executed back in April.

As the investigation intensified, the blockchain security company Elliptic, renowned for its astute insights, shed light on the possible identity of the culprits. Armed with their comprehensive expertise, Elliptic’s experts firmly believe that the audacious assault can be attributed to none other than the notorious North Korean hacker outfit Lazarus.

The ongoing investigation into the Atomic Wallet heist continues to uncover fresh angles and unexpected connections, underscoring the increasing sophistication of cybercriminals in cryptocurrency. Consequently, the need for robust security measures and heightened vigilance within the blockchain ecosystem has never been more vital.

Hence, the world watches with bated breath as the enigmatic hackers continue to push the boundaries of technological prowess, leaving the cybersecurity community with an urgent task to fortify defenses against their relentless ingenuity.

Moreover, this incident is a stark reminder that the intersection of finance and technology remains an ever-evolving battlefield where adaptability and resilience are the keys to survival.

The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Atomic wallet heist: hackers utilize THORChain to mask $35 million stolen funds

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年6月22日 14:06
Next 2023年6月22日 16:08

Related articles

  • Institutional investors show growing confidence in cryptocurrency, survey reveals

    TL;DR Breakdown The Binance Research survey reveals a growing optimism among institutional investors towards cryptocurrencies, with 63.5% having a positive outlook for the next year, and 88% for the next decade. Survey participants, a diverse group of institutional investors, show a strong interest in the infrastructure, Layer-1 (L1), and Layer-2 (L2) sectors of cryptocurrency technologies. Respondents view real-world use cases and regulatory clarity as crucial drivers for broader cryptocurrency adoption, signaling a significant shift in the financial landscape. Description A recent survey conducted by Binance Research has provided new insights into the evolving attitudes of institutional investors toward cryptocurrencies. However, The survey polled over 200 global institutional investors, revealing a growing optimism in the crypto sector over the next 12 months and into the next decade. Growing confidence in the crypto sector According to … Read more A recent survey conducted by Binance Research has provided new insights into the evolving attitudes of institutional investors toward cryptocurrencies. However, The survey polled over 200 global institutional investors, revealing a growing optimism in the crypto sector over the next 12 months and…

    Article 2023年7月5日
  • Binance plans European stablecoin delist by June 2024 amid new laws

    TL;DR Breakdown Binance announced plans to delist stablecoins for the European market by June 2024, following the introduction of the MiCA legislation. MiCA, a major European crypto regulation, aims to implement stablecoin laws by 2024. Marina Parthuisot of Binance stated that no stablecoin projects have been approved, hinting at a potential delisting in Europe. Description Binance outlined a Thursday consultation with the European Banking Authority, revealing plans to delist stablecoins for the European market by June 2024. This announcement comes after the newly passed Markets in Crypto Assets (MiCA) legislation, a pivotal piece of European crypto regulation. The legislation, set to implement stablecoin laws by June 2024, has spurred Binance … Read more Binance outlined a Thursday consultation with the European Banking Authority, revealing plans to delist stablecoins for the European market by June 2024. This announcement comes after the newly passed Markets in Crypto Assets (MiCA) legislation, a pivotal piece of European crypto regulation. The legislation, set to implement stablecoin laws by June 2024, has spurred Binance to consider compliance seriously. Marina Parthuisot, Binance France’s director of legal, conveyed…

    Article 2023年9月22日
  • Robert Kennedy Jr. reveals China’s intentions

    TL;DR Breakdown US presidential candidate Robert Kennedy Jr. has given his opinion on China’s intentions. BRICS alliance and currency shift in international trade. Description Renowned U.S. presidential candidate Robert Kennedy Jr., the son of former U.S. Attorney General and Senator Robert Kennedy Snr., recently shared his perspective on China’s intentions and global developments in an interview with CNBC. During the conversation, RFK Jr. emphasized that while China does not seek a military conflict with the United States, it harbors … Read more Renowned U.S. presidential candidate Robert Kennedy Jr., the son of former U.S. Attorney General and Senator Robert Kennedy Snr., recently shared his perspective on China’s intentions and global developments in an interview with CNBC. During the conversation, RFK Jr. emphasized that while China does not seek a military conflict with the United States, it harbors aspirations to outshine the U.S. economically. He also addressed China’s role in the evolving BRICS alliance and the significance of local currencies in international trade. RFK Jr. highlights China’s strength As a member of the Kennedy family, Robert Kennedy Jr. brought a legacy…

    Article 2023年9月4日
  • FTX considers reboot as new CEO aims to revive crypto exchange

    TL;DR Breakdown Bankrupt crypto exchange FTX is considering a reboot plan, according to court filings and the efforts of new CEO John Ray III. Meetings with creditors and debtors have taken place to discuss the restructuring and potential launch of FTX 2.0. The news of a possible reboot has boosted the price of FTX’s native token, FTT, but concerns remain about the viability of the plan and the exchange’s past technical challenges. The bankrupt crypto exchange, FTX, may soon embark on a revival journey as its new CEO, John Ray III, works on a reboot plan, according to recent court filings. However, the compensation report filed by the FTX team highlights Ray’s efforts in relation to the Chapter 11 bankruptcy, with a specific mention of rebooting the exchange. Hints of a reboot: A glimmer of hope In January of this year, Ray first mentioned the possibility of rebooting the struggling crypto exchange. Reports at the time indicated that the bankrupt exchange had discovered $5.5 billion in liquid assets, and the new CEO was collaborating with creditors on a revival plan….

    Article 2023年5月24日
  • Ripple Chief Legal Officer opposes SEC’s interlocutory appeal move

    TL;DR Breakdown Ripple Labs opposes SEC’s appeal for interlocutory review in the ongoing case. Chief Legal Officer highlights the court’s stance on resolving issues before appeal. SEC determined to pursue the interlocutory appeal to address partial setback. Description Ripple Labs has taken a firm stance against the Securities and Exchange Commission’s (SEC) recent move, aiming to secure an interlocutory appeal following a summary judgment order in an ongoing case that has sent ripples through the cryptocurrency industry. The company’s Chief Legal Officer, Stuart Alderoty, expressed the company’s opposition to the social media platform … Read more Ripple Labs has taken a firm stance against the Securities and Exchange Commission’s (SEC) recent move, aiming to secure an interlocutory appeal following a summary judgment order in an ongoing case that has sent ripples through the cryptocurrency industry. The company’s Chief Legal Officer, Stuart Alderoty, expressed the company’s opposition to the social media platform formerly known as Twitter. Alderoty highlighted the court’s assertion that no extraordinary circumstances justified departing from the rule that mandates the resolution of all issues pertaining to all parties…

    Article 2023年8月17日
TOP