- ZachXBT noticed a crypto theft involving memecoins price round $2 million.
- The thief exchanged about half of the stolen cryptocurrencies for ETH and transferred them to new wallets.
- Memecoin hacker drains sufferer's pockets in three transactions in a single minute.
Blockchain detective ZachXBT uncovered a crypto theft focusing on memecoins price round $2 million. Within the publish, the investigator revealed that the thief exchanged half of the stolen property for Ethereum (ETH) and transferred them to new wallets.
ZachXBT shared a transaction diagram, an indicator of his investigation. It confirmed the remaining stolen funds held in ANDY, a memecoin on the Base community. On the time the report was printed, the hacker owned 4.2 billion ANDYs, price roughly $1 million.
An investigation revealed that the hacker stole memecoins by way of three separate transactions inside a minute. The stolen cryptocurrency was merged right into a single pockets earlier than being dispersed to 5 new addresses in a number of transactions. This switch course of took lower than half-hour.
The report highlights a number of secondary transfers, probably the most vital of which incorporates 8.38 ETH despatched to a brand new pockets. The second concerned a few of the stolen memecoins.
ZachXBT's warning coincides with rising curiosity within the memecoin sector, fueled by continued hypothesis within the cryptocurrency market. Many merchants see memecoins as a possible supply of fast income as a consequence of their historical past of fast worth development.
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