Uranium Finance

Wrapped BNB

BUSD

Tornado Cash

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 <p class="is-style-lead">The Uranium Finance attacker has <a rel="noopener noreferrer nofollow" title="transfer" href="https://thebittimes.com/tag/transfer.html">transfer</a>red 2.5 million BUSD from the BNB chain to Ethereum (ETH) using Li.fi.</p>
 <p>On Jan. 22, On-chain analytics platform PeckShield Alert reported the <a rel="noopener noreferrer nofollow" title="transfer" href="https://thebittimes.com/tag/transfer.html">transfer</a> of 2.5 million BUSD from the BNB Chain to Ethereum, leveraging the Li.fi protocol, a DEX aggregator. This movement involved the conversion of assets to 812 ETH and approximately $500,000 in stablecoins.</p>
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    <p lang="en" dir="ltr">#PeckShieldAlert #UraniumFinance Exploiter- labeled address has bridged 2.5M $BUSD from #BNBChain to #Ethereum via Li[.]fi<br>The Ethereum address has received 812 $ETH and ~$505.5K in stablecoin pic.twitter.com/EZXZwJYTxK</p>— PeckShieldAlert (@PeckShieldAlert) January 22, 2024
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 <p>Originating from the notorious Uranium Finance hack in April 2021, the primary address associated with the incident <a rel="noopener noreferrer nofollow" title="transfer" href="https://thebittimes.com/tag/transfer.html">transfer</a>red a total of $3.1 million in BUSD to Ethereum. Peck Shield’s initial report indicated the movement of $10,000 BUSD via Stargate, a cross-chain bridging protocol. Further tracking revealed additional <a rel="noopener noreferrer nofollow" title="transfer" href="https://thebittimes.com/tag/transfer.html">transfer</a>s totaling 3.1 million BUSD.</p>
 <p>The attacker’s strategy involved distributing 500,000 BUSD across six transactions and 100,000 BUSD in another. The batch of transactions, executed within an hour, sparked discussions in the crypto community.</p>
 <p>The exploiter’s BNB Chain address held over $15 million in assets, comprising BUSD and Wrapped BNB (WBNB). At the time of writing, the wallet was completely drained.</p>
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 <p>Additionally, the Ethereum address of the exploiter boasted holdings of 824 Ether, valued at $1.3 million at the time, along with smaller amounts of USDC and USDT. Notably, soon after the BUSD <a rel="noopener noreferrer nofollow" title="transfer" href="https://thebittimes.com/tag/transfer.html">transfer</a> to Ethereum, 1,200 ETH (valued at $1.89 million) were moved to Tornado Cash, a cryptocurrency mixer. This was executed through 12 transactions of 100 ETH each.</p>
 <p>These activities aligned with a pattern observed throughout the year, including several <a rel="noopener noreferrer nofollow" title="transfer" href="https://thebittimes.com/tag/transfer.html">transfer</a>s to Tornado Cash in the preceding months. The first of these occurred in March, involving a different address to move 2,250 ETH to the mixer. In total, the exploiter extracted $50 million in crypto assets by exploiting a flaw in the pair contracts of the protocol.</p>
 <p>On a related note, 2024 has witnessed increased illicit cryptocurrency activities. A notable phishing attack, reported by Scam Sniffer, resulted in a $4.20 million loss for the victim. The scam exploited ERC20 Permit signatures, allowing scammers access to the victim’s assets.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/uranium-finance-hacker-executes-2-5m-busd-transfer-to-ethereum-tbt77284.html">https://thebittimes.com/uranium-finance-hacker-executes-2-5m-busd-transfer-to-ethereum-tbt77284.html</a></p>

Uranium Finance hacker executes $2.5m BUSD transfer to Ethereum

TheBitTimes

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