2024

Million

April

Coin

<ul class="news-points">
 <li>Bitrue Drainer has unloaded 4,207 ETH for $16.34 million in the DAI stablecoin.</li>
 <li>The transaction follows the Bitrue security breach in April 2023, when $23.5 million was stolen.</li>
 <li>The hacker still holds ETH, SHIB, and HOT tokens worth over $24 million.</li>
</ul>
The crypto surveillance platform Lookonchain has revealed alarming developments regarding the infamous Bitrue Drainer-labeled address. According to the disclosure, the same hacker responsible for a staggering $23.5 million heist on <a href="https://coinedition.com/a-glitch-on-bitrue-exchange-liquidates-all-xrp-long-positions/" rel="noopener noreferrer nofollow">Bitrue Exchange</a> last year has resurfaced with a hefty crypto sale.
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 The <a href="https://twitter.com/hashtag/Bitrue?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitrue</a> Drainer sold 4,207 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> for 16.34M <a href="https://twitter.com/search?q=%24DAI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$DAI</a> at $3,885 8 hours ago.<a href="https://twitter.com/hashtag/BitrueDrainer?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BitrueDrainer</a> stole $23.5M assets on April 14, 2023, including: 137,000 <a href="https://twitter.com/search?q=%24QNT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$QNT</a>($17M) 46.4M <a href="https://twitter.com/search?q=%24GALA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$GALA</a>($2M) 172.55B <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SHIB</a>($1.91M) 756M <a href="https://twitter.com/search?q=%24HOT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$HOT</a>($1.54M) 318 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a>($640K) 310,071 <a href="https://twitter.com/search?q=%24MATIC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MATIC</a>($352K) Then sold 137,000 <a href="https://twitter.com/search?q=%24QNT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$QNT</a>… <a href="https://t.co/Ptg5mbCB5C" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/Ptg5mbCB5C</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1767028987140948340?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 11, 2024</a>
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In particular, Lookonchain noted that the Bitrue Drainer unloaded 4,207 ETH for $16.34 million denominated in the DAI stablecoin. The hacker executed the transaction within the last 24 hours, dumping the ETH at $3,885 a pop.
Notably, this transaction followed the Bitrue <a href="https://x.com/BitrueOfficial/status/1646811220543168512?s=20" target="_blank" rel="noopener noreferrer nofollow">securit…</a>
The post <a href="https://coinedition.com/notorious-bitrue-drainer-strikes-again-liquidating-16-34-million-of-eth/" rel="noopener noreferrer nofollow">Notorious Bitrue Drainer Strikes Again, Liquidating $16.34 Million of ETH</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Notorious Bitrue Drainer Strikes Again, Liquidating $16.34 Million of ETH

Coin Edition

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