Prominent cryptocurrency mining pool BTC.com suffered a cyberattack last month that resulted in a significant loss of company and user funds. New details have emerged regarding the whereabouts of the stolen funds.
According to the market research firm, X-explore’s analysis, most stolen assets were transferred to Tornado Cash while some amounts were also transferred to centralized exchanges Binance and Kucoin.
- A BTC wallet transferred 32.5 BTC, worth around $550k, and is suspected to be stolen. The perpetrators could have laundered the funds with the help of a centralized BTC Mixer.
- X-explore also claimed that a total of 1,964 ETH, worth around $2.4 million, was deposited to four new addresses and subsequently flowed to the coin mixer as well as other exchanges.
- As reported earlier, the attackers pilfered digital assets worth $700k owned by BTC.com’s clients and nearly $2.3 million in asset value owned by its parent firm, BIT Mining Limited on December 3rd.
- The cyberattack was reported to the Shenzhen law enforcement authorities in China a few weeks later, which then launched an investigation on Friday and began collecting evidence.
- Upon discovering the breach, BTC.com said its team implemented technology designed to block and intercept hackers.
- BTC.com happens to be one of the world’s largest cryptocurrency mining pools accounting for 3.8% of total mining pool distribution over the past seven days. The latest data suggested that its hash rate stood at 10.27 exahashes per second (EH/s)
SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.