[DreamBrook Labs | Daily Crypto Detective Report No.2 ]

-3 June 2024-

Velocore Hacked, up to $10 Million worth of assets are missing.

Velocore is The first ve(3,3) DeX on @zkSync aiming to minimize slippage, optimize liquidity efficiency and gas costs, among others.

Highlight reel:

1.Velocore.xyz main account is down to 600K from previously close to 5 Million.

2.One of the hacker beneficiary address1 [0xb7f6354b2cfd3018b3261FbC63248a56A24AE91A] extracted series of assets mainly $USDT, $USDC, and $ETH.

3.A total of more than $ 2 Million were transferred out right away after the hack from this account alone.

4.Hack bounties were distributed across to various bot , DeX and CeX through intermediary account by address2 [0x8CDc37eD79C5EF116b9Dc2A53Cb86ACaca3716bF] 

5.Tracing these disbursements, most of the laundry is performed through Uniswap, OKX, and Across Protocol. One of the money hub being address3 [0xE4062FCaDe7aC0eD47AD794028967a2314EE02B3]

6.Interestingly the hacker also transferred part of the accumulated funds in address3 amounting to about $ 4.23 million was transferred to support the Tornado Cash that recently under scrutiny and legal proceeds.