🔎 Expert Tracks Stolen #DMMBitcoin Assets
Since the beginning of July, over $35 million, stolen in the May hack of the cryptocurrency exchange DMM Bitcoin, has been laundered through the Cambodian online marketplace Huione Guarantee. This was highlighted by on-chain researcher ZachXBT.
How the hackers operated:
▪️They routed the stolen bitcoins through mixers.
▪️Exchanged them for Ethereum and Avalanche via the cross-chain liquidity protocol THORChain.
▪️Converted the assets to #USDT。 , then to Tron.
▪️Finally, the assets ended up on Huione Guarantee.
🚫 One transaction amounting to $29.6 million was blocked on July 12 when the stablecoin issuer Tether blacklisted one of the hacker's Tron wallets.
💡 #zachxbt suspects that the Lazarus Group is behind this incident due to the similarity in money laundering methods and off-chain indicators.
🔗 He also shared 538 wallets involved in the #exchange hack.
