The person who stole $6.3 billion has been getting nothing but $0.78 red envelopes in their wallet.
Elliptic update, Nov. 6: The hacker has converted about $124 million in stolen funds into 1,650 $BTC .
Most of it was stolen $XRP , swapped via THORChain.
But not a single one of the 18,270 directly stolen $BTC has been touched.
Another roughly $3.1 billion is sitting untouched in linked addresses.
The other side of this is surreal.
CoinDesk found that the 19 addresses holding the stolen $BTC
have been receiving 1,000 sats from strangers nonstop over the past few days—about $0.78.
The attached messages all beg for a handout: “Help me bro.”
Someone spent $46 to send it three times to every address.
On one side, billions in stolen funds are being shuffled across 16 chains and more than 20,000 wallets.
On the other, the wallets are stuffed with little $0.78 notes.
Over at Binance: about $2.85 billion has been frozen, users’ losses are fully covered, and withdrawals have gradually resumed.
I stared at these numbers for ages and came away with just one realization:
These days, even begging is happening on-chain.
#OnChainGossip
Elliptic update, Nov. 6: The hacker has converted about $124 million in stolen funds into 1,650 $BTC .
Most of it was stolen $XRP , swapped via THORChain.
But not a single one of the 18,270 directly stolen $BTC has been touched.
Another roughly $3.1 billion is sitting untouched in linked addresses.
The other side of this is surreal.
CoinDesk found that the 19 addresses holding the stolen $BTC
have been receiving 1,000 sats from strangers nonstop over the past few days—about $0.78.
The attached messages all beg for a handout: “Help me bro.”
Someone spent $46 to send it three times to every address.
On one side, billions in stolen funds are being shuffled across 16 chains and more than 20,000 wallets.
On the other, the wallets are stuffed with little $0.78 notes.
Over at Binance: about $2.85 billion has been frozen, users’ losses are fully covered, and withdrawals have gradually resumed.
I stared at these numbers for ages and came away with just one realization:
These days, even begging is happening on-chain.
#OnChainGossip
