Solana funds stolen in DEXX attack are being moved to Ethereum

AI Summary

Stolen Solana funds are being moved to Ethereum using Wormhole, highlighting the challenges in tracking illicit crypto assets and the need for enhanced security measures.

According to Odaily, the DEXX attacker is actively consolidating stolen funds on the Solana blockchain. These funds are being collected into a central address before being split and laundered. Some of these assets are now being moved to Ethereum using the Wormhole cross-chain service, with the destination address beginning with 0xffe224e.

The movement of these funds highlights the ongoing challenges in tracking and recovering stolen crypto assets. The use of cross-chain services like Wormhole complicates efforts to track the flow of illicit funds, as they allow for seamless transfers between different blockchain networks. This development underscores the need for enhanced security measures and monitoring systems within the crypto ecosystem to prevent such incidents and facilitate the recovery of stolen assets.

This incident serves as a reminder of the vulnerabilities that exist in DeFi platforms and the importance of strong security protocols. As the investigation continues, stakeholders in the cryptocurrency community are urged to remain vigilant and proactive in protecting their assets against potential threats.