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News

A Mysterious Hacker Steals $300,000 From Wealthy Russian Crypto Fund To Donate To Poor Ukraine

April 30, 2023 - Around 3 mins mins to read
Key Points:
  • The hacker stole bitcoins from the FSB and GRU and then transferred them to Ukraine.
  • According to the crypto specialists, the hacker sent the stolen bitcoins to the addresses of Ukrainian volunteers.
The unknown hacker appears to have used blockchain and bitcoin technologies against the aggressor state. 
A Mysterious Hacker Steals $300,000 From Wealthy Russian Crypto Fund To Donate To Poor Ukraine

The hacker acquired access to hundreds of crypto wallets, which most likely belonged to Russian law enforcement organizations, by employing abstruse abilities. Analysts at Chainalysis believe the hacker used a feature of the bitcoin blockchain that documents transactions to identify 986 wallets controlled by the Main Directorate of the General Staff of the Russian Federation (GRU), the Foreign Intelligence Service (SVR), and the Federal Security Service (FSB).

At the same time, the hacker wrote messages in Russian to the wallet owners, claiming that the wallets were used to pay for the services of Russian hackers. The extent to which these claims are genuine is unknown. Western analysts believe that Russian intelligence services deploy hackers in a variety of missions.

Third parties have already linked at least three of the allegedly Russian wallets to Russia, they say. Two of them are suspected of being involved in the Solar Winds attack, while the third paid for servers used in Russia‘s disinformation effort during the 2016 elections.

A Mysterious Hacker Steals $300,000 From Wealthy Russian Crypto Fund To Donate To Poor Ukraine

Analysts at Chainalysis believe the hacker obtained control of the wallets, which he claims were controlled by Russian intelligence services, through “inside work” rather than hacking.Simply put, this person may have entered the Russian hacking structure, or he could have been a Russian special services employee who later defected.

The individual was first intended to simply trash the stolen monies in the Russian special services’ wallets. According to Chainalysis, the mystery attacker deleted bitcoins worth approximately $300,000 using the bitcoin blockchain’s OP_RETURN feature (this function allows you to invalidate previously executed transactions).

According to Chainalysis, after the war began, several of the wallets included in this research transferred cash to Ukrainian government wallets. The unknown hacker stopped burning money and began sending it to help Ukraine.

“The fact that the OP_RETURN sender was both willing and able to burn hundreds of thousands of dollars’ worth of bitcoin in order to spread their message makes it more likely in our opinion that their information is accurate,” Chainalysis analysts concluded.

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

Chubbi

Coincu News

News

A Mysterious Hacker Steals $300,000 From Wealthy Russian Crypto Fund To Donate To Poor Ukraine

Key Points:
  • The hacker stole bitcoins from the FSB and GRU and then transferred them to Ukraine.
  • According to the crypto specialists, the hacker sent the stolen bitcoins to the addresses of Ukrainian volunteers.
The unknown hacker appears to have used blockchain and bitcoin technologies against the aggressor state. 
A Mysterious Hacker Steals $300,000 From Wealthy Russian Crypto Fund To Donate To Poor Ukraine

The hacker acquired access to hundreds of crypto wallets, which most likely belonged to Russian law enforcement organizations, by employing abstruse abilities. Analysts at Chainalysis believe the hacker used a feature of the bitcoin blockchain that documents transactions to identify 986 wallets controlled by the Main Directorate of the General Staff of the Russian Federation (GRU), the Foreign Intelligence Service (SVR), and the Federal Security Service (FSB).

At the same time, the hacker wrote messages in Russian to the wallet owners, claiming that the wallets were used to pay for the services of Russian hackers. The extent to which these claims are genuine is unknown. Western analysts believe that Russian intelligence services deploy hackers in a variety of missions.

Third parties have already linked at least three of the allegedly Russian wallets to Russia, they say. Two of them are suspected of being involved in the Solar Winds attack, while the third paid for servers used in Russia‘s disinformation effort during the 2016 elections.

A Mysterious Hacker Steals $300,000 From Wealthy Russian Crypto Fund To Donate To Poor Ukraine

Analysts at Chainalysis believe the hacker obtained control of the wallets, which he claims were controlled by Russian intelligence services, through “inside work” rather than hacking.Simply put, this person may have entered the Russian hacking structure, or he could have been a Russian special services employee who later defected.

The individual was first intended to simply trash the stolen monies in the Russian special services’ wallets. According to Chainalysis, the mystery attacker deleted bitcoins worth approximately $300,000 using the bitcoin blockchain’s OP_RETURN feature (this function allows you to invalidate previously executed transactions).

According to Chainalysis, after the war began, several of the wallets included in this research transferred cash to Ukrainian government wallets. The unknown hacker stopped burning money and began sending it to help Ukraine.

“The fact that the OP_RETURN sender was both willing and able to burn hundreds of thousands of dollars’ worth of bitcoin in order to spread their message makes it more likely in our opinion that their information is accurate,” Chainalysis analysts concluded.

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

Chubbi

Coincu News

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