BTC.com Stolen Assets In The Attack Were Transferred To Tornado Cash
Key Points:
- BTC.com suffered a $3 million loss of digital assets as a result of a cyberattack on December 3.
- BTC.com’s stolen assets are 32.5 BTC and 1964 ETH. Most of them are transferred to Tornado Cash, and some are transferred to CEX exchanges Binance and Kucoin.
BIT Mining Limited’s subsidiary, BTC.com, experienced a cyberattack on December 3, 2022. On-chain disclosure shows tokens are being transferred to mixer platforms for money laundering.
On January 3, X-explore tweeted that chain analysis showed that the stolen assets of BTC.com were 32.5 BTC and 1964 ETH. Most of them were transferred to Tornado Cash, and some were transferred to CEX exchanges like Binance and Kucoin.
BTC wallet 3FxUA8godrRmxgUaPv71b3XCUxcoCLtUx2 transferred 32.5 BTC, suspected to be stolen. Attackers suspected of using centralized BTC Mixer for money laundering.
According to a December 26 announcement, BTC.com suffered a $3 million loss of digital assets as a result of a cyberattack on December 3.
The event was reported by the company to Chinese legal enforcement in Shenzhen. Some of BTC.com’s digital assets have already been secured thanks to local and internal coordination.
On December 23, 2022, the authorities opened an inquiry, started gathering information, and asked pertinent entities for help and cooperation. The business will make significant attempts to recover the digital assets that were stolen.
After learning about this cyberattack, the company put technology in place to better stop and intercept hackers. With the exception of its services related to digital assets, BTC.com is now conducting business as normal.
Cryptocurrency mixers like Tornado Cash are still used as tools for attackers to launder money. The US Treasury Department is re-listing sanctions on Tornado Cash, attaching mixers to North Korea’s nuclear weapons program.
The Treasury Department countered the argument that Tornado Cash and wallet addresses are software, not individuals or organizations, and therefore cannot be a sanctioned entity. Department makes clear an entity here can be a partnership, association… or other organization.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
Coincu News
Author
News
BTC.com Stolen Assets In The Attack Were Transferred To Tornado Cash
Key Points:
- BTC.com suffered a $3 million loss of digital assets as a result of a cyberattack on December 3.
- BTC.com’s stolen assets are 32.5 BTC and 1964 ETH. Most of them are transferred to Tornado Cash, and some are transferred to CEX exchanges Binance and Kucoin.
BIT Mining Limited’s subsidiary, BTC.com, experienced a cyberattack on December 3, 2022. On-chain disclosure shows tokens are being transferred to mixer platforms for money laundering.
On January 3, X-explore tweeted that chain analysis showed that the stolen assets of BTC.com were 32.5 BTC and 1964 ETH. Most of them were transferred to Tornado Cash, and some were transferred to CEX exchanges like Binance and Kucoin.
BTC wallet 3FxUA8godrRmxgUaPv71b3XCUxcoCLtUx2 transferred 32.5 BTC, suspected to be stolen. Attackers suspected of using centralized BTC Mixer for money laundering.
According to a December 26 announcement, BTC.com suffered a $3 million loss of digital assets as a result of a cyberattack on December 3.
The event was reported by the company to Chinese legal enforcement in Shenzhen. Some of BTC.com’s digital assets have already been secured thanks to local and internal coordination.
On December 23, 2022, the authorities opened an inquiry, started gathering information, and asked pertinent entities for help and cooperation. The business will make significant attempts to recover the digital assets that were stolen.
After learning about this cyberattack, the company put technology in place to better stop and intercept hackers. With the exception of its services related to digital assets, BTC.com is now conducting business as normal.
Cryptocurrency mixers like Tornado Cash are still used as tools for attackers to launder money. The US Treasury Department is re-listing sanctions on Tornado Cash, attaching mixers to North Korea’s nuclear weapons program.
The Treasury Department countered the argument that Tornado Cash and wallet addresses are software, not individuals or organizations, and therefore cannot be a sanctioned entity. Department makes clear an entity here can be a partnership, association… or other organization.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
Coincu News
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