Hackers moved $242M from the Binance exploit through cross-chain bridges
Blockchain analyst SomaXBT reports that hackers moved $242 million in stolen funds across different networks over two days using bridges and swap services.
The attackers also lost around $22M due to transaction fees, unfavorable swaps and price changes. The original exploit involved around $628M in USDT on the Tron network. Tether later froze $378.7M of the stolen funds.
$BTC $ETH #Macro Insights#
Blockchain analyst SomaXBT reports that hackers moved $242 million in stolen funds across different networks over two days using bridges and swap services.
The attackers also lost around $22M due to transaction fees, unfavorable swaps and price changes. The original exploit involved around $628M in USDT on the Tron network. Tether later froze $378.7M of the stolen funds.
$BTC $ETH #Macro Insights#
