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)
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