A cryptocurrency address linked to the $305 million DMM Bitcoin hack in May reportedly moved 500 Bitcoin, worth an estimated $30.4 million.
According to PeckShield Alert, the suspicious address first moved the Bitcoin (Bitcoin) to two addresses, each receiving approximately 250 BTC.
The funds are suspicious of being part of the 4,502.9 BTC stolen from the Japanese cryptocurrency exchange DMM Bitcoin In May, the stash was valued at about $305 million, but at current exchange rates it would be worth just over $274 million.Shortly after the attack, DMM Bitcoin increase $320 million, which was used to compensate victims of the hack.
Blockchain researcher ZachXBT previously guilty The Democratic People’s Republic of Korea-linked Lazarus group was responsible for the DMM Bitcoin attack. The on-chain analyst said that the techniques used to launder the stolen cryptocurrency and several other off-chain indicators pointed to the Lazarus group as the culprits.
Shortly after the attack, the attackers split the stolen bitcoins into smaller batches of 500 BTC and moved them to new wallets. The funds identified by Peckshield came from one of these wallets and are the latest to be transferred since the May 31 attack.
In July, ZachXBT claimed that attackers had excited Approximately $35 million worth of bitcoins were transferred to Cambodia-based exchange Huione Guarantee. The platform was recently accused of facilitating the laundering of funds from cryptocurrency hacks, pig slaughter scams, and other forms of cryptocurrency exploitation.
As crypto news reported in JulyTether froze a Tron wallet suspected of belonging to Huione, with more than $28 million in USDT They are believed to be the proceeds of crime.
According to the cryptocurrency detective, DMM Bitcoin attackers usually move the stolen cryptocurrency to privacy mixers and then connect it to Ethereum (Ethnicity) and avalanche (AVAX) using THORChain. The thieves then exchange the funds to Tether (USDT), move them to Tron (TRX) and finally deposit them in Huione.
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