- Hacker ALEX Lab made greater than 9,700 transactions to disperse stolen STX tokens.
- The amount of traceable transactions elevated from 300 to greater than 9,600.
- The attacker deposited $15 million of STX into the exchanges, leaving a stability of $9.9 million.
ALEX Lab, Bitcoin's second layer (L2) community bridge, has launched an replace on a current hack that led to the theft of tens of millions of {dollars} in cryptocurrency, detailing the perpetrator's ongoing efforts to launder the stolen funds.
In response to the replace, as of 11:00 a.m. June 17, the perpetrator made greater than 9,700 transactions, systematically creating new pockets addresses and distributing the stolen STX tokens amongst these wallets.
Because of this, the quantity of traceable transactions has elevated dramatically, from the unique 300 to over 9,600, and reveals no indicators of slowing down. This tactic considerably elevated the variety of distinctive addresses underneath the attacker's management from lower than 100 to greater than 4,700 in simply seven days.
ALEX Lab famous that the hacker transfers smaller quantities of STX to hundreds of latest addresses which are later moved to centralized exchanges (CEX).
Regardless of these challenges, ALEX Lab reviews robust cooperation from most CEX within the restoration effort. Nevertheless, the attacker was adept at customizing and shortly altering the goal CEXs to inject the stolen funds to keep away from restoration actions.
Presently traceable deposits of STX to CEX quantity to eight,373,587 STX value about $15 million. The attacker's on-chain stability is roughly 5,560,332 STX, or $9.9 million, contemplating solely wallets containing greater than 100 STX.
Notably, this exploit began in mid-Could and the ALEX Lab group provided a ten% reward for returning 90% of the stolen funds, however to no avail. ALEX Lab stays dedicated to monitoring and recovering stolen funds, working carefully with CEX and using the most recent blockchain forensic strategies.
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