A blockchain safety agency finds that the hackers behind the Concord (ONE) breach despatched tens of tens of millions of {dollars} value of Ethereum (ETH) to a coin mixer.
Concord was hacked for roughly $100 million value of crypto property final Friday.
The attackers reportedly breached the Horizon Bridge, which supplies the power to switch property between Ethereum, Binance Good Chain and Concord.
Now, crypto safety agency PeckShield reports the hackers have moved tens of tens of millions of {dollars} value of ETH to Twister Money, a broadly used coin mixing service.
#PeckShieldAlert ~18k $ETH (~22m) into 0x1e…6430 from @harmonyprotocol exploiters pic.twitter.com/NN4j5Korsz
— PeckShieldAlert (@PeckShieldAlert) June 27, 2022
Coin mixing providers obfuscate transactions by breaking the on-chain hyperlink between the sender and the recipients and are sometimes utilized by hackers to make stolen funds untraceable.
Concord, an Ethereum competitor, acknowledged the stolen property have been being moved to Twister Money.
“The staff is working with two extremely respected blockchain tracing and evaluation companions, and collaborating with the FBI as a part of an investigation into this felony act.
In parallel, we’re reviewing numerous choices for customers and companions and can maintain you up to date as we proceed to discover methods to safe the ecosystem. Whereas we can’t go into specifics, our purpose is to share info in a well timed method with as a lot transparency as doable.”
Concord native token ONE is buying and selling for $0.018 at time of writing, down greater than 30% prior to now week.
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