- Bitrue Drainer launched 4,207 ETH for $16.34 million in DAI stablecoin.
- The transaction follows the Bitrue safety breach in April 2023 the place $23.5 million was stolen.
- The hacker nonetheless holds over $24 million price of ETH, SHIB and HOT tokens.
Crypto monitoring platform Lookonchain has revealed an alarming improvement concerning the notorious deal with labeled Bitrue Drainer. In accordance with the publication, the identical hacker chargeable for the gorgeous $23.5 million heist of the Bitrue alternate final 12 months has re-emerged with a large cryptocurrency sale.
Particularly, Lookonchain famous that Bitrue Drainer unloaded 4,207 ETH for $16.34 million denominated in DAI stablecoins. A hacker made a transaction within the final 24 hours, blowing ETH to $3,885 a pop.
Notably, this transaction adopted the Bitrue safety breach on April 14, 2023, through which a foul actor made off with tens of millions of digital property. Lookonchain highlighted that the hacker stole 137,000 Quant (QNT), 46.4 million Gala (GALA), 172.55 billion Shiba Inu (SHIB), 756 million Holo (HOT), 318 ETH and 310,051 Polygon (MATIC).
As well as, Lookonchain identified that Bitrue Drainer offered 137,000 QNT for $14.74 million Ethereum after the incident, inflicting the worth of QNT to drop by greater than 9% inside hours. On the identical day, the hacker liquidated 46.4 million GALA for $1.86 million, 22.55 billion SHIB for $236 thousand and 310,071 MATIC for $343 thousand.
Whereas these tokens have been transformed to ETH, the hack left some property untouched. Bitrue Drainer at the moment holds 4,650 Ethereum, 150 billion SHIB, and 756 million HOT, price $17.68 million, $4.7 million, and $2.9 million, respectively.
On the time of the heist, these stolen tokens have been price about $23.5 million. Nonetheless, the worth has greater than doubled in mild of the latest good points within the crypto market. In different phrases, the hacker nonetheless has a financial worth in inventory that exceeds the preliminary stolen funds, regardless of all previous gross sales.
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