Blockchain allows most cryptocurrencies to track transactions and their various destinations, which makes trading platform thieves and hackers face difficulty in laundering what they stole from digital currencies.
Recently, a movement of $ 3.5 million worth of stolen funds from the KuCoin platform was recorded and transferred to an unknown wallet, according to "Whale Alert".
As a reminder, the KuCoin cryptocurrency trading platform was hacked on September 25, 2020.
It is estimated that more than 1,000 Bitcoin (BTC) has been stolen from the platform, along with many other alternative digital currencies such as Litecoin (LTC), Tether (USDT), and Ripple (XRP).
Some time after the hacking process, the stolen currencies began to move through the various blockchain networks as the hackers sought to escape with them and find the appropriate method.
According to a tweet, “Whale Alert” published yesterday that:
1.7 million DX tokens, or about $ 2.4 million in stolen coins from the KuCoin platform, were transferred to an unknown wallet.
In addition to the aforementioned transaction, two transactions also occurred that also involved stolen KuCoin coins.
One of them involved the transfer of 26.5 million DGRN coins, equivalent to about $ 1 million, and 8.7 million REQ coins, equivalent to about $ 154,000, were transferred.
All of these transactions were sent to unknown wallets.
As the media focus on ongoing coverage of the 2020 US presidential election, it is possible that the hackers were hoping to hide from the eyes of observers.
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Seems that you can still hack exchanges, but it's become harder to run away fro good with the money. By the way, is @hivewatcher right about this post, is it plagiarized?
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