Poloniex Hacker transfers cash to Twister Money for the primary time

• Poloniex hacker strikes 1,100 ETH to Twister Money, PeckShield studies.
• WuBlockchain has confirmed that that is the primary switch of funds.
• Poloniex was hacked in November final yr for $100 million.

A hacker concerned in final yr's large hack of cryptocurrency alternate Poloniex allegedly transferred 1,100 Ethereum (ETH), value roughly $3.4 million, to US-approved cryptocurrency combine Twister Money in an try and launder the stolen cash.

The motion of funds got here to gentle after the on-chain information evaluation by safety agency PeckShield. Notably, WuBlockchain additionally broke the information and confirmed that that is the primary time a hacker has executed this transferred funds for Twister Money to launder cash.

Poloniex, a significant cryptocurrency alternate, was the sufferer of a major hack in November final yr, ensuing within the lack of $100 million from one in every of its sizzling wallets. Mixing companies like Twister Money are sometimes utilized by cybercriminals to cowl the path of stolen cryptocurrency, making it tough for legislation enforcement to trace illicit transactions.

This assault on Poloniex is broad attributed to North Korea's Lazarus Group, a infamous state-sponsored hacking group recognized for its involvement in varied high-profile cyberattacks.

In an uncommon transfer, Poloniex he provided a 5% reward of round $5 million to the hacker to return the remaining 95% of the stolen funds. Nonetheless, this try to barter with the hacker appears to have failed, as evidenced by the current conversion of ETH to Twister Money.

Poloniex has been a centralized alternate since its inception in 2014 and was later bought by Tron founder Justin Solar in 2019. This hack dealt a major blow to the alternate's popularity and safety measures.