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Scam Alert

Massive Stake Drain On BNBChain: $12.5M Laundered Via Binance And OKX

September 19, 2023 - Around 2 mins mins to read

Key Points:

  • Stake drainers have transferred $12.5M worth of $BNB to an intermediary address on BNBChain.
  • The stolen funds have been moved to the BSC Token Hub and various cryptocurrency exchanges.
  • Some of the funds have been laundered through TornadoCash before being sent to exchanges.
Stake drainers have transferred $12.5M worth of $BNB to an intermediary address on BNBChain, with funds being moved to the BSC Token Hub and other exchanges including Okx, ChangeNow, and Binance.

PeckShieldAlert recently reported a concerning development on the BNBChain. Stake drainers have transferred approximately 59.5K BNB (equivalent to around $12.5M) to an intermediary address, 0x2bbc…2cde, within the last 4 days.

Massive Stake Drain On BNBChain: $12.5M Laundered Via Binance And OKX

58.3K BNB (worth approximately $12.46M) has been reportedly moved to the BSC Token Hub, while the remaining stolen funds have either been laundered through TornadoCash (33 $BNB) or sent to various cryptocurrency exchanges, including Okx, ChangeNow, and Binance.

On the same day, PeckShieldAlert also reported a drain on the Ethereum network. According to their findings, a stake drainer moved 2,227.3 ETH (valued at approximately $3.6M) to two intermediary addresses: 0x30b6…4235 and 0xdd5f…3571.

Furthermore, a significant portion of the transferred ETH has already been exchanged for at least 80 BTC (worth around $2.16M) and then transferred to Bitcoin via Thorchain. The intermediary address also had interactions with Swft Blockchain and Binance. At present, the address 0xdd5f…3571 is in the process of transferring the stolen funds to BTC.

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.

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Author

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.