The price of ETH fell over 20% in August. This gave hackers the chance to take advantage and buy the dip with stolen crypto.
PeckSheild’s blockchain research shows that those behind the hack 2021 on the defi protocol Pancake Bunny, a Binance Smart Chain-based protocol, bought 2,922K. ETH 7,8M DAI
The Defi Protocol was exploited The attack was part of a 2021 “flash loan” in which tokens worth $46 million were taken and traded for BNB tokens, USDT tokens, or DAI tokens. In the attack, the native token of the project, BUNNY’s price crashed.
The exploiter’s address was revived from its dormancy last month. transferred Tornado Cash can be made by converting 1,002 Ether into crypto currency. It allows criminals to hide funds from authorities.
The wallet of the assailant reportedly contained $11.4 million in Dai at the time.DAI).
The attackers responsible for the $200 million hack on the cross-chain token bridge Nomad also have a similar background. acquired ETHLookonchain is a leading analytics company.
Nomad Bridge allows users to send money across different blockchains. This attack was caused by a security vulnerability within the smart contract, where the tokens that are sent over the bridge were initially deposited.
The attacker purchased 16,892 Ethereum on August 30th 2024 for 39.75 Million DAI. He then moved them via Tornado Cash through a series 100ETH transactions. The attacker transferred approximately 2400 ETH in total to the privacy mix.
The attacker moved stolen property on numerous occasions over the past years. Over $1.5 million was involved. laundered via Tornado Cash In January 2023. Before that $7.5 million had been spent. moved Unknown address
One wallet of Nomad Bridge attackers contained just under 14,500 ETH worth over $33 Million at the time of this publication.
The latest moves are a result of ETH recording its biggest drop since 2024. It is presenting a profitable buying opportunity. Analysts claim that the cryptocurrency is a good investment. lost key support levelsPrice is set to fall even further.
Crypto markets saw a drop in prices. $1 billion in liquidations In 24 hours, you can record your recordings.
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Source: crypto.news