A hacker behind Poloniex, regardless of being allegedly recognized, efficiently laundered greater than half of stolen funds by way of Twister Money.
A hacker, who attacked Poloniex in late 2023 and was later allegedly recognized, laundered over $66 million out of $100 million stolen from the alternate by means of a sanctioned mixing protocol Twister Money.
In accordance with knowledge from blockchain intelligence agency PeckShield, the latest transaction included over 4,400 ETH (value ~$12.8 million) despatched to Twister Money, bringing the full worth of laundered funds to 22,200 ETH (value ~$66.3 million).
In mid-November 2023, shortly after Poloniex suffered the assault, the staff behind the challenge reached out to the dangerous actor, claiming “we’ve already confirmed your identification.” The alternate additionally supplied the hacker a $10 million bounty for the return of funds, threatening to contain police “from a number of international locations” ought to the hacker select to not cooperate.
Regardless of Poloniex’s warnings that the stolen funds can be frozen, the hacker managed to launder over half of the stolen funds in only one week in early Could. There have been no public indications that the alternate has made progress in freezing the funds up to now.
As crypto.information earlier reported, Poloniex’s itemizing knowledge exhibits indicators of {a partially} deserted platform, with over 500 buying and selling pairs exhibiting no buying and selling quantity. In accordance with knowledge seen by crypto.information, roughly 53% of all listed pairs on the alternate had negligible or zero every day buying and selling exercise as of Could 13.
In a commentary to crypto.information, a Poloniex spokesperson mentioned that “worth could also be one of many causes,” including that “asset costs fluctuate typically, main to cost variations.” Nevertheless, it stays unclear why so many buying and selling pairs on the alternate confirmed no every day buying and selling exercise by any means.