Cryptocurrency

Swap

Bitcoin

ZachXBT

Avalanche

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/zachxbt-identifies-cryptocurrency-hackers-and-warns-investors/" data-wpel-link="internal">ZachXBT Identifies Cryptocurrency Hackers and Warns Investors</a> 
Cryptocurrency markets are still under regulatory scrutiny, and today’s transactions could cause future problems. Crypto detective ZachXBT shared a recent tweet series shedding light on the methods of attackers. Additionally, there is a global warning for users about a commonly used platform by attackers. 
<h2 style="text-align: justify" id="zachxbt-and-his-findings">ZachXBT and His Findings</h2> 
ZachXBT has uncovered many complex incidents in this field using advanced OSINT and on-chain intelligence skills. Known for receiving harassment-level requests for training from US IRS agents, ZachXBT released an important tweet series today. This was related to the $305 million DMM Bitcoin <a href="https://newslinker.co/category/cybersecurity/" target="_blank" rel="noopener" data-wpel-link="exclude">hack</a>. 
Zach discovered that $35 million of the assets were moved to an online marketplace called Huione Guarantee, which he claims is rife with scammers. He also provides some details about the DMM hack. 
<blockquote> 
 “Due to similarities in laundering techniques and non-chain indicators, it is suspected that the Lazarus Group is behind the attack. Over the weekend, Tether blacklisted a wallet on Tron containing 29.6 million USDT linked to Huione. Approximately $14 million flowed from the DMM Bitcoin hack to this wallet within three days. 
 The laundering path for funds transferred from the DMM Bitcoin hack to Huione can be summarized as follows: 
 Deposit BTC from the hack into a mixer 
 Withdraw BTC from the mixer 
 Bridge funds from Bitcoin to <a href="https://en.coin-turk.com/significant-increase-in-ethereum-accumulation-as-whales-stake-eth/" data-wpel-link="internal">Ethereum</a> or Avalanche via THORChain, Threshold, Avalanche bridge 
 Swap for USDT and bridge to Tron via SWFT 
 Transfer USDT to Huione 
 Huione has become a significant hub for illegal funds in Southeast Asia, primarily used by criminal organizations like pig butchering gangs. 
 A recent report by blockchain analytics firm Elliptic revealed that member merchants on the platform have transacted over $11 billion in volume and alleged that Huione Group has ties with the Cambodian government. 
 Additionally, I detected millions of dollars flowing here in last year’s $31 million Fintoch <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investment</a> scam.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-370536 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/GSctFTZXkAA31RJ.jpg" alt="" width="1270" height="715"> 
<h2 style="text-align: justify" id="investors-beware">Investors Beware</h2> 
Those transacting on such flagged platforms risk on-chain interactions with money launderers. This could lead to your name being mentioned in future investigations despite innocence. Since crypto laws are not fully mature, innocent people have been victimized due to on-chain interactions. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/zachxbt-identifies-cryptocurrency-hackers-and-warns-investors/" data-wpel-link="internal">ZachXBT Identifies Cryptocurrency Hackers and Warns Investors</a></h5>

ZachXBT Identifies Cryptocurrency Hackers and Warns Investors

Table of Contents

COINTURK NEWS

Другие статьи, опубликованные 14 июл. 2024 г.

Cardano Price Maintains Positive Momentum as Market Rebounds

Bitcoin carves out a bottom, opening the door for KAS, MKR, AR and NOT to rally

Top Mathematician Predicts 150X Bitcoin Gains, Sets $1 Million Target for 2034

San Francisco Tech’s Shiba Inu Success Story Paves the Way for BlockDAG’s $30 Potential by 2030

MoonBag Listing on LBank Finally Slated For October 11, 2024: One Big Step To Market Dominance

Polkadot on the brink of a rally? Price chart suggests 84% upswing!

Join our free newsletter for daily crypto updates!