BigONE Hacker’s Shocking $27M Crypto Conversion Revealed
Main Idea
The BigONE hacker converted $27 million in stolen funds into Bitcoin, Tron, Ethereum, and Solana, highlighting the challenges and implications of tracking stolen crypto assets through on-chain data.
Key Points
1. A hacker stole $27 million from BigONE, a prominent crypto exchange, and converted the funds into Bitcoin (120 BTC), Tron (23.3 million TRX), Ethereum (1,272 ETH), and Solana (2,625 SOL).
2. The hacker's strategy involved diversifying the stolen crypto into high-liquidity assets to facilitate easier selling or obfuscation.
3. On-chain data plays a crucial role in tracking stolen crypto, as blockchain transactions leave a permanent digital footprint.
4. The incident underscores the ongoing challenges in crypto security and the need for improved intelligence to prevent and address breaches.
5. Users and exchanges are advised to enhance security measures in response to such incidents to mitigate risks.
Description
BitcoinWorld BigONE Hacker’s Shocking $27M Crypto Conversion Revealed The digital asset world is constantly abuzz with innovation, but it also faces persistent threats. A recent development that has sent ripples through the community involves the infamous BigONE hacker . This incident serves as a stark reminder of the ever-present risks in the cryptocurrency space, highlighting how quickly stolen funds can be moved and transformed. Let’s delve into the details of this significant event and what ...
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