🚨 The hackers who attacked the exchange are still frantically moving funds! Nearly $39 million worth of TRX has been split across multiple wallets!
On October 31, on-chain monitoring showed that the hackers behind the exchange attack were frequently moving the stolen funds using automated tools. They split the funds into multiple transactions and dispersed them across different wallets, then transferred some of the funds back to old addresses before sending them to new ones, apparently trying to make the flow of funds more complicated and harder to track.
So far, the hackers have moved about 120 million TRX, worth approximately $38.78 million, and are continuing to spread the funds across multiple transactions.
Put simply, the hackers are playing an on-chain game of “hide-and-seek”: constantly splitting, moving, and rerouting funds in an attempt to muddle their trail. But keep in mind: splitting funds across addresses doesn’t mean they’ve been laundered, nor does it mean the money has been successfully cashed out. Every transaction on the blockchain leaves a record, and it remains to be seen whether the funds can evade tracking and risk controls.
What’s really worth watching next isn’t how many more wallets the hackers create, but whether these funds can be converted into cash—and whether the relevant platforms can block them in time! 👀
On October 31, on-chain monitoring showed that the hackers behind the exchange attack were frequently moving the stolen funds using automated tools. They split the funds into multiple transactions and dispersed them across different wallets, then transferred some of the funds back to old addresses before sending them to new ones, apparently trying to make the flow of funds more complicated and harder to track.
So far, the hackers have moved about 120 million TRX, worth approximately $38.78 million, and are continuing to spread the funds across multiple transactions.
Put simply, the hackers are playing an on-chain game of “hide-and-seek”: constantly splitting, moving, and rerouting funds in an attempt to muddle their trail. But keep in mind: splitting funds across addresses doesn’t mean they’ve been laundered, nor does it mean the money has been successfully cashed out. Every transaction on the blockchain leaves a record, and it remains to be seen whether the funds can evade tracking and risk controls.
What’s really worth watching next isn’t how many more wallets the hackers create, but whether these funds can be converted into cash—and whether the relevant platforms can block them in time! 👀
