A crypto wallet with links to Binance has lost $27 million in an apparent hack, according to on-chain sleuth ZachXBT.
The funds, made up of $27 million in Tether stablecoins, were laundered through a variety of services and transferred to Bitcoin through THORchain.
A crypto wallet tied to Binance has lost $27 million in an apparent attack, according to crypto sleuth ZachXBT. The alleged attack occurred yesterday, draining the wallet of $27 million in Tether stablecoins (USDT).
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The funds were then swapped to ETH through a variety of protocols before being bridged to Bitcoin via THORChain, according to ZachXBT’s analysis.
It appears someone had 27M USDT stolen yesterday.
0x0f2183c8e415e61b4ad7774bf1097019eb2d5b85798a2a229070495131d60321
USDT was quickly swapped for ETH, then transferred to a number of services (FixedFloat, ChangeNow, etc), and bridged to Bitcoin via THORChain. pic.twitter.com/SgEBwyZZSc
— ZachXBT (@zachxbt) November 12, 2023
The wallet had received the funds from a Binance withdrawal just one week ago. The wallet also received funds from a wallet tagged by Etherscan as a Binance smart contract deployer address in May 2019, as ZachXBT pointed out.
More news on this coming soon.
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