Last month, BTC.com, a prominent cryptocurrency mining pool, suffered a cyberattack that resulted in a significant loss of both company and user funds. However, new information has recently come to light regarding the whereabouts of the stolen assets.
According to market research firm X-explore, most of the stolen assets were transferred to the decentralized platform, Tornado Cash. Some of the stolen assets were also transferred to centralized exchanges Binance and Kucoin.
A BTC wallet transfer worth approximately $550,000 has raised suspicions of theft. The transfer, which involved 32.5 BTC, is believed to have been laundered with the help of a centralized BTC Mixer.
According to market research firm X-explore, a total of 1,964 ETH, valued at around $2.4 million, was also deposited to four new addresses and subsequently sent to the coin mixer and other exchanges.
The cyberattack, which occurred on December 3rd and resulted in the theft of digital assets worth $2.3 million from BTC.com’s parent company, BIT Mining Limited and $700,000 worth of assets belonging to BTC.com’s clients, was eventually reported to China’s Shenzhen law enforcement authorities a few weeks later, leading to an inquiry being opened on Friday and investigators beginning to gather information about the case.
Upon discovering the security breach, BTC.com promptly took action to prevent further damage. The team utilized specialized technology designed to intercept and block the hackers, demonstrating its commitment to maintaining the integrity of its systems.
Upon discovering the security breach, BTC.com took swift action to prevent further damage by utilizing specialized technology to intercept and block the hackers, demonstrating their commitment to maintaining the integrity of their systems.
However, BTC.com is a significant player in cryptocurrency mining, consistently ranking as one of the largest global mining pools. In fact, over the past week, its distribution accounted for an impressive 3.8% of the total mining pool. Also, its hash rate, or the processing power of its mining hardware, is currently measured at an impressive 10.27 exahashes per second (EH/s).
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