A hacker who stole $23 million from crypto trade Bittrue in 2023 has began to launder the proceeds by means of Twister Money, based on Debank information cited by EmberCN.
The hacker despatched $30 million price of ether
to the blending service on Thursday, having bought the token in 2023, shopping for it again after the worth fell and holding it by means of ether’s subsequent good points.
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 by means of Twister Money. It’s unclear whether or not the hacker was part of a bigger group or working solo.
Crypto buyers misplaced $1.67 billion to hacks and exploits within the first quarter of this 12 months because the trade struggled to constrain the felony underworld regardless of a speedy advance in institutional adoption.
The hacker’s on-chain path on Etherscan reveals that some funds have been additionally laundered in April and between that interval there have been additionally a number of deposits to decentralized derivatives trade HyperLiquid.