Tornado Cash

Polygon

Tornado

Avalanche

<p class="is-style-lead">The hackers behind the $41 million heist at the crypto casino Stake have reportedly transferred $328,000 in Polygon (<a href="https://crypto.news/price/polygon/" data-type="link" data-id="https://crypto.news/price/polygon/" rel="noopener noreferrer nofollow">MATIC</a>) and Binance coin (<a href="https://crypto.news/price/bnb/" data-type="link" data-id="https://crypto.news/price/bnb/" rel="noopener noreferrer nofollow">BNB</a>) tokens.</p> 
<p>According to blockchain security firm CertiK, the latest transaction saw the transfer of 300 BNB tokens, valued at approximately $61,500, to an external address identified as “0x695…”, which were subsequently bridged to the Avalanche blockchain on Sept. 11 at 4:09 pm UTC.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/CertiKSkynetAlert?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#CertiKSkynetAlert</a> 🚨<br><br>The <a href="https://twitter.com/Stake?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Stake</a> exploiter has transferred 300 BNB to EOA 0x695<br><br>Funds have been bridged to AVAX <a href="https://t.co/CcfRV7EGps" target="_blank" rel="noopener noreferrer nofollow">https://t.co/CcfRV7EGps</a></p>— CertiK Alert (@CertiKAlert) <a href="https://twitter.com/CertiKAlert/status/1701236644202909962?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 11, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>Earlier the same day, an additional 520,000 MATIC tokens, with a market value exceeding $266,000 were <a href="https://twitter.com/CertiKAlert/status/1701133201379303933" target="_blank" rel="noopener noreferrer nofollow">relocated </a>to the Avalanche network.</p> 
<p>This recent transfer of assets, amounting to $328,000, adds to the previously moved $4.5 million, which was transferred to the Bitcoin blockchain as BTC on Sept. 7, as noted by blockchain security firm Arkham.</p> 
<p> You might also like: <a href="https://crypto.news/stake-hacker-bridges-1-5m-in-stolen-matic/" rel="noopener noreferrer nofollow"> Stake hacker bridges $1.5m in stolen MATIC </a> </p> 
<p>Despite these substantial movements, the total amount transferred thus far constitutes only 1.2% of the entire $41 million that was stolen.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">Over the past 24 hours, the Hacker has been gradually bridging funds to the BTC Blockchain using a series of new wallets on Polygon and Avalanche.<br><br>They have so far bridged $4.5M to BTC addresses, with the remaining $36M still held on ETH/BNB/Polygon. <a href="https://t.co/fiMy62ABwL" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/fiMy62ABwL</a></p>— Arkham (@ArkhamIntel) <a href="https://twitter.com/ArkhamIntel/status/1699762892005146962?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 7, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>Sources indicate that the hacker managed to access the private keys of Stake’s hot wallets on both the Binance Smart Chain and Ethereum networks, facilitating the <a href="https://crypto.news/stake-reportedly-hacked-15-7m-suspiciously-moved/" rel="noopener noreferrer nofollow">Sept. 4 breach</a>.</p> 
<p>In light of the recent events, Edward Craven, the co-founder of crypto casino Stake, has <a href="https://crypto.news/stake-co-founder-eddie-craven-shares-details-on-41m-heist/" rel="noopener noreferrer nofollow">clarified </a>that the security breach did not compromise user information or private customer details.</p> 
<p>Furthermore, he confirmed that the hackers did not gain access to user funds or account balances on the platform, ensuring the safety of their clientele’s assets and personal data.</p> 
<h2 class="wp-block-heading" id="suspected-involvement-of-the-lazarus-group-in-stake-heist">Suspected involvement of the Lazarus Group in Stake heist</h2> 
<p>The US Federal Bureau of Investigation suspects the involvement of the Lazarus Group, also known as APT38, in this exploit. This group, believed to be financed by the North Korean government, has allegedly been responsible for pilfering over $1 billion in virtual currencies since 2022.</p> 
<p>Authorities have linked the Lazarus Group to several other major cryptocurrency thefts, including a <a href="https://crypto.news/atomic-wallets-hack-statement-raises-user-concerns-amid-100m-losses/" rel="noopener noreferrer nofollow">$100 million breach</a> at Atomic Wallet, a similar amount at <a href="https://crypto.news/lazarus-group-may-be-responsible-for-harmony-bridge-hack/" rel="noopener noreferrer nofollow">Harmony’s Horizon bridge</a>, and a staggering <a href="https://crypto.news/new-research-north-korean-cybercriminal-group-ronin-bridge-hack/" rel="noopener noreferrer nofollow">$600 million</a> from Sky Mavis’ Ronin bridge, marking one of the largest breaches in the cryptocurrency sector to date.</p> 
<p>Furthermore, the group is accused of stealing $97 million from cryptocurrency payment processors <a href="https://crypto.news/alphapo-hacked-over-23-million-in-bitcoin-tron-and-ethereum-stolen/" rel="noopener noreferrer nofollow">Alphapo </a>and <a href="https://crypto.news/coinspaid-reveals-how-job-offer-led-to-37m-hack/" rel="noopener noreferrer nofollow">CoinsPaid</a>.</p> 
<p>In a related development, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed <a href="https://crypto.news/u-s-treasury-bans-tornado-cash-citing-links-to-lazarus-hacking-group/" rel="noopener noreferrer nofollow">sanctions on the privacy tool Tornado Cash</a> in August 2022, citing suspected connections with the Lazarus Group.</p> 
<p>The OFAC alleges that the group used Tornado Cash to launder numerous ill-gotten gains, running into hundreds of millions.</p> 
<p> You might also like: <a href="https://crypto.news/lazarus-group-turns-to-garantex-to-launder-stolen-assets/" rel="noopener noreferrer nofollow"> Lazarus group turns to Garantex to launder stolen assets </a> </p>

Hackers transfer BNB and MATIC amid $41m Stake exploit

Table of Contents

crypto.news

Other articles published on Sep 12, 2023

C3.ai Stock Price Forecast: Will AI Ever Surpass ATH Price?

Shibrium: 2M Transactions in 15 Days – 200K Daily

Particle Network Launches V2 of Its Intent-Centric Modular Access Layer of Web3

Kaspa is bullish, altcoin project to tokenize the $280t real estate market

21co introduces wrapped tokens of XRP, Bitcoin, other tokens

Bitcoin will bring global payments out of the ‘fax era' — Ex-PayPal boss

Join our free newsletter for daily crypto updates!