$106M LEFT CEX ACCOUNTS IN ONE DAY AND THE THIEF IS ALREADY SWAPPING USDC FOR $ETH
per zachxbt, an EU entity is suspected of losing $106M+ from multiple CEX accounts on Nov 1.
the funds left as USDC and USDT.
within 24 hours the actor was swapping USDC for $ETH and sending part of it into $XMR via Wagyu, with instant exchanges in between.
zach says with high confidence it is NOT Lazarus.
no exchange or victim has confirmed anything yet.
this lands days after the $6.3B Binance exploit on Oct 29.
look at which assets the thief wants 👇
> USDC and USDT can be frozen by Circle and Tether
> $ETH and $XMR can't be frozen by an issuer
my take: a dollar stablecoin sitting on a CEX is the most rented money in crypto.
i expect more size to move to self custody after this week.
the market shrugged: XMR +1.1% in 24h at about $602, ETH -0.55% at $2,249.
NFA DYOR Tribe
-Brondor #hack #investigation #Macro Insights#
per zachxbt, an EU entity is suspected of losing $106M+ from multiple CEX accounts on Nov 1.
the funds left as USDC and USDT.
within 24 hours the actor was swapping USDC for $ETH and sending part of it into $XMR via Wagyu, with instant exchanges in between.
zach says with high confidence it is NOT Lazarus.
no exchange or victim has confirmed anything yet.
this lands days after the $6.3B Binance exploit on Oct 29.
look at which assets the thief wants 👇
> USDC and USDT can be frozen by Circle and Tether
> $ETH and $XMR can't be frozen by an issuer
my take: a dollar stablecoin sitting on a CEX is the most rented money in crypto.
i expect more size to move to self custody after this week.
the market shrugged: XMR +1.1% in 24h at about $602, ETH -0.55% at $2,249.
NFA DYOR Tribe
-Brondor #hack #investigation #Macro Insights#
