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

  • New phishing attacks target FTX users following Kroll data breach

    TL;DR Breakdown A significant data breach at Kroll has led to new phishing attacks on FTX users, with the breach method revealed to be a SIM swap on an employee’s account. Users are urged to enhance their digital security, stay informed, and remain vigilant against potential cyber threats. Description In a recent development that has sent shockwaves through the cryptocurrency community, Changpeng ‘CZ’ Zhao, the CEO of Binance, one of the world’s leading crypto exchanges, has issued a stark warning to users of the now-defunct FTX platform. The alert pertains to a new wave of phishing attacks that have been unleashed in the wake … Read more In a recent development that has sent shockwaves through the cryptocurrency community, Changpeng ‘CZ’ Zhao, the CEO of Binance, one of the world’s leading crypto exchanges, has issued a stark warning to users of the now-defunct FTX platform. The alert pertains to a new wave of phishing attacks that have been unleashed in the wake of a significant data leak from Kroll, FTX’s bankruptcy case claims agent. Contents hide 1 The Kroll data…

    Article 2023年8月28日
  • Hong Kong has some big dreams for web3

    TL;DR Breakdown Hong Kong’s Financial Secretary, Paul Chan Mo-po, is championing the potential of Web3 technology. Web3 promises innovations like NFTs, GameFi, and Play-to-Earn gaming, reshaping digital entertainment. Cyberport, a tech hub in Hong Kong, is positioned as a hotbed for Web3 innovations with significant funding and over 180 tech companies. Description Bold ambitions are pulsing through Hong Kong’s tech hubs. Hong Kong’s financial compass, Paul Chan Mo-po, isn’t one to let sleeping dogs lie, especially when the future of the digital realm is unfolding right before our eyes. At the forefront of the digital revolution, Hong Kong stands tall, yearning for what the Web3 era has … Read more Bold ambitions are pulsing through Hong Kong’s tech hubs. Hong Kong’s financial compass, Paul Chan Mo-po, isn’t one to let sleeping dogs lie, especially when the future of the digital realm is unfolding right before our eyes. At the forefront of the digital revolution, Hong Kong stands tall, yearning for what the Web3 era has to offer. The Future of Digital Entertainment: More Than Just Pixels Web3 isn’t just another…

    Article 2023年8月29日
  • Tom Emmer on crypto’s role in 2024 election

    Description As the 2024 election creeps closer, crypto isn’t merely lurking in the shadows of U.S. politics. Tom Emmer, the Majority Whip of the United States House of Representatives and a staunch crypto advocate, believes that many electoral candidates might be sleeping on a politically-charged ticking bomb: the digital asset world and the waves it’s making … Read more As the 2024 election creeps closer, crypto isn’t merely lurking in the shadows of U.S. politics. Tom Emmer, the Majority Whip of the United States House of Representatives and a staunch crypto advocate, believes that many electoral candidates might be sleeping on a politically-charged ticking bomb: the digital asset world and the waves it’s making in both state and federal politics. A Generational Tug-of-War in Digital Space U.S. politics, much like most facets of American life, is experiencing a generational tug-of-war. On one side, you have a younger, more technologically savvy cohort that understands and values the privacy and autonomy that cryptocurrencies offer. On the opposite end are the seasoned lawmakers who seem lost in the digital jargon, potentially crafting policies…

    Article 2023年9月19日
  • ProShares records the large inflows amid ETF fever

    TL;DR Breakdown ProShares Bitcoin ETF has registered a staggering inflow from investors as the ETF frenzy persists. Companies intensify their race for Bitcoin ETF following BlackRock’s filing. Description In recent developments, the excitement surrounding Bitcoin exchange-traded funds (ETFs) has resurfaced, accompanied by a wave of new applications and increased capital inflows from institutional investors. Notably, the ProShares Bitcoin Strategy ETF (BITO), a Bitcoin futures fund, witnessed a surge of inflows on June 26, attracting significant attention from Bloomberg senior ETF analyst Eric Balchunas. … Read more In recent developments, the excitement surrounding Bitcoin exchange-traded funds (ETFs) has resurfaced, accompanied by a wave of new applications and increased capital inflows from institutional investors. Notably, the ProShares Bitcoin Strategy ETF (BITO), a Bitcoin futures fund, witnessed a surge of inflows on June 26, attracting significant attention from Bloomberg senior ETF analyst Eric Balchunas. ProShares gains popularity among institutional investors With its assets surpassing $1 billion, ProShares BITO experienced its largest weekly inflow in a year, reaching $65.3 million. As the first BTC-linked ETF in the United States, ProShares BITO has gained popularity…

    Article 2023年6月28日
  • Circle Introduces New Protocol to Enhance USDC Transactions on a Prominent Blockchain

    TL;DR Breakdown Circle introduces CCTP, a protocol enabling seamless movement of USDC stablecoin across different blockchains. CCTP enhances capital efficiency and accessibility for traders, addressing the challenge of capital fragmentation. Description Circle, the blockchain startup and stablecoin issuer, has unveiled its Cross Chain Transfer Protocol (CCTP) on the Arbitrum network. The launch of CCTP aims to enhance the accessibility and movement of the USDC stablecoin on the Ethereum Layer-2 scaling network. With the CCTP, Circle seeks to overcome the challenges of capital fragmentation and provide a … Read more Circle, the blockchain startup and stablecoin issuer, has unveiled its Cross Chain Transfer Protocol (CCTP) on the Arbitrum network. The launch of CCTP aims to enhance the accessibility and movement of the USDC stablecoin on the Ethereum Layer-2 scaling network. With the CCTP, Circle seeks to overcome the challenges of capital fragmentation and provide a highly capital-efficient solution for traders across various blockchains. This article explores the advantages of CCTP on Arbitrum and its potential impact on both the stablecoin ecosystem and the price of the Arbitrum protocol. Contents hide 1…

    Article 2023年6月30日
TOP