TOKENPOST
1 min read
Add as a preferred source on Google

Funds Swapped for Ether and Bridged Across Chains After Exchange Withdrawals

Funds were withdrawn as USD Coin (USDC) and Tether (USDT) before swaps into Ether (ETH), transfers through instant-exchange services and conversion to Monero (XMR).

By Simon Yoon
Published
Mentioned assets
An empty steel footbridge disappears into fog beneath amber streetlights / TokenPost.ai
An empty steel footbridge disappears into fog beneath amber streetlights / TokenPost.ai

A community alert alleges that an EU entity lost more than $106 million from multiple centralized exchange accounts on Nov. 1. The funds were later swapped and moved across several chains.

Withdrawals came out as USD Coin (USDC) and Tether (USDT). During the stated 24-hour period, the actor swapped USDC for Ether (ETH), sent funds to instant-exchange services including WellWallet and Kyrrex, and converted funds into Monero (XMR) through Wagyu.

Funds were also bridged across multiple chains. The community alert links four on-chain addresses to the suspected theft: 0xADd95cD98E0288ba69785E3151E1db86adF8Dd58, 0x29e9D7715D935e0D0D4B0DD0efC952A97E551020, 0x378B4f150707C283574DC89739608D29036D57d5 and 0x795a9d22F233024487161Fe6daFf73397.

WellWallet and Kyrrex were instant-exchange destinations, and Wagyu was used to move funds into Monero.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

Loading…