NEWS: SafeMoon hacker's use of centralized exchanges could help law enforcement identify and apprehend the attacker.
Centralized exchanges are regulated by financial authorities, so they must keep records of transactions that occur on their platform. This means that law enforcement could ask exchanges to provide information about transactions made by the SafeMoon hacker.
This information could include the hacker's wallet address, the number of tokens transferred, and the time and date of the transactions. This information could be used by law enforcement to track the hacker and recover stolen funds.
In the case of the SafeMoon hack, the hacker used the centralized exchanges Binance and BitMart to withdraw the stolen funds. This means that law enforcement could ask these exchanges to provide information about transactions made by the hacker.
The information provided by the exchanges could help law enforcement identify the hacker and recover stolen funds.
However, it is important to note that centralized exchanges are not required to provide information to law enforcement. Exchanges can refuse to provide information if they believe doing so could violate the privacy of their users.
Additionally, exchanges may not have all the information needed to identify the hacker. For example, exchanges can only provide information about transactions that took place on their platform. If the hacker used a non-custodial wallet to withdraw the stolen funds, law enforcement will not be able to obtain information about these transactions.
Despite these challenges, the SafeMoon hacker's use of centralized exchanges could help law enforcement identify and apprehend the attacker.
