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<a href="https://bitcoinworld.co.in/binance-crypto-wallet-loses-27-million-in-stablecoins-in-apparent-hack/" title="Binance Crypto Wallet Loses $27 Million In Stablecoins In Apparent Hack" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">A crypto wallet with links to Binance has lost $27 million in an apparent hack, according to on-chain sleuth ZachXBT.</li>
 <li style="font-weight: 400">The funds, made up of $27 million in Tether stablecoins, were laundered through a variety of services and transferred to Bitcoin through THORchain.</li>
</ul>
A crypto wallet tied to Binance has lost $27 million in an apparent attack, according to crypto sleuth ZachXBT. The alleged attack occurred yesterday, draining the wallet of $27 million in Tether stablecoins (USDT).
Read Also: <a class="row-title" href="https://bitcoinworld.co.in/binance-froze-stolen-assets-ceases-russian-ruble-deposits/" aria-label="“Binance Froze Stolen Assets, Ceases Russian Ruble Deposits” (Edit)" rel="noopener noreferrer nofollow">Binance Froze Stolen Assets, Ceases Russian Ruble Deposits</a>
The funds were then swapped to ETH through a variety of protocols before being bridged to Bitcoin via THORChain, according to ZachXBT’s analysis.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 It appears someone had 27M USDT stolen yesterday.
 0x0f2183c8e415e61b4ad7774bf1097019eb2d5b85798a2a229070495131d60321
 USDT was quickly swapped for ETH, then transferred to a number of services (FixedFloat, ChangeNow, etc), and bridged to Bitcoin via THORChain. <a href="https://t.co/SgEBwyZZSc" rel="noopener noreferrer nofollow">pic.twitter.com/SgEBwyZZSc</a>
 — ZachXBT (@zachxbt) <a href="https://twitter.com/zachxbt/status/1723757797316133240?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 12, 2023</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The wallet had <a href="https://etherscan.io/tx/0x019f63f29790b56f58134deac3a271e6b6ec16f31c21861cdefe33b9cc0e7904" rel="noopener noreferrer nofollow">received</a> the funds from a Binance withdrawal just one week ago. The wallet also received funds from a <a href="https://etherscan.io/address/0x00c5e04176d95a286fcce0e68c683ca0bfec8454" rel="noopener noreferrer nofollow">wallet</a> tagged by Etherscan as a Binance smart contract deployer address in May 2019, as ZachXBT pointed out.
More news on this coming soon.
The post <a href="https://bitcoinworld.co.in/binance-crypto-wallet-loses-27-million-in-stablecoins-in-apparent-hack/" rel="noopener noreferrer nofollow">Binance Crypto Wallet Loses $27 Million In Stablecoins In Apparent Hack</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Binance Crypto Wallet Loses $27 Million In Stablecoins In Apparent Hack

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