Ethereum

Uranium Finance

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<a href="https://bitcoinworld.co.in/uranium-finance-hacker-executes-2-5m-busd-transfer-to-ethereum/" title="Uranium Finance Hacker Executes $2.5M BUSD Transfer To Ethereum" rel="noopener noreferrer nofollow"></a>
The Uranium Finance hacker has transferred 2.5 million BUSD from the BNB chain to Ethereum (ETH) using Li.fi.
On Jan. 22, On-chain analytics platform PeckShield Alert reported the transfer of 2.5 million BUSD from the BNB Chain to Ethereum, leveraging the Li.fi protocol, a DEX aggregator.&nbsp;
This movement involved the conversion of assets to 812 ETH and approximately $500,000 in stablecoins.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/hashtag/PeckShieldAlert?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#PeckShieldAlert</a> <a href="https://twitter.com/hashtag/UraniumFinance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#UraniumFinance</a> Exploiter- labeled address has bridged 2.5M <a href="https://twitter.com/search?q=%24BUSD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BUSD</a> from <a href="https://twitter.com/hashtag/BNBChain?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BNBChain</a> to <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a> via Li[.]fi The Ethereum address has received 812 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> and ~$505.5K in stablecoin <a href="https://t.co/EZXZwJYTxK" rel="noopener noreferrer nofollow">pic.twitter.com/EZXZwJYTxK</a>
 — PeckShieldAlert (@PeckShieldAlert) <a href="https://twitter.com/PeckShieldAlert/status/1749324083698024491?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 22, 2024</a>
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Originating from the notorious Uranium Finance hack in April 2021, the primary address associated with the incident transferred a total of $3.1 million in BUSD to Ethereum.&nbsp;
Peck Shield’s initial report indicated the movement of $10,000 BUSD via Stargate, a cross-chain bridging protocol. Further tracking revealed additional transfers totaling 3.1 million BUSD.
The attacker’s strategy involved distributing 500,000 BUSD across six transactions and 100,000 BUSD in another.&nbsp;
The batch of transactions, executed within an hour, sparked discussions in the crypto community.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/trezor-security-breach-only-user-data-are-exposed-digital-assets-are-safe/" aria-label="“Trezor Security Breach: Only User Data Are Exposed, Digital Assets Are Safe” (Edit)" rel="noopener noreferrer nofollow">Trezor Security Breach: Only User Data Are Exposed, Digital Assets Are Safe</a>
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.
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.&nbsp;
Notably, soon after the BUSD transfer to Ethereum, 1,200 ETH (valued at $1.89 million) were <a href="https://etherscan.io/address/0x59d779bed4db1e734d3fda3172d45bc3063ecd69" rel="noopener noreferrer nofollow">moved</a> to Tornado Cash, a cryptocurrency mixer. This was executed through 12 transactions of 100 ETH each.
These activities aligned with a pattern observed throughout the year, including several transfers to Tornado Cash in the preceding months.&nbsp;
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.
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.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 insane! someone lost $4.20m worth of aEthWETH and aEthUNI to crypto phishing about 40 minutes ago!<a href="https://t.co/PqtYbfjrW5" rel="noopener noreferrer nofollow">https://t.co/PqtYbfjrW5</a> <a href="https://t.co/2Nhx4HDQcK" rel="noopener noreferrer nofollow">pic.twitter.com/2Nhx4HDQcK</a>
 — Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) <a href="https://twitter.com/realScamSniffer/status/1749224072180039887?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 22, 2024</a>
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The scam exploited ERC20 Permit signatures, allowing scammers access to the victim’s assets.
The post <a href="https://bitcoinworld.co.in/uranium-finance-hacker-executes-2-5m-busd-transfer-to-ethereum/" rel="noopener noreferrer nofollow">Uranium Finance Hacker Executes $2.5M BUSD Transfer To Ethereum</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Uranium Finance Hacker Executes $2.5M BUSD Transfer To Ethereum

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