![Hackers behind M Stake heist shifts BNB, MATIC in latest move: CertiK Hackers behind M Stake heist shifts BNB, MATIC in latest move: CertiK](https://i0.wp.com/images.cointelegraph.com/images/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDkvYjJhMWM3MGEtNjJlNS00OTQ5LWIyZTgtMWE3YWVkY2E2Y2I0LmpwZw==.jpg?fit=%2C&ssl=1)
According to blockchain security company CertiK, after the cryptocurrency casino Stake suffered a $41 million hack, the hackers transferred another $328 billion worth of Polygon (MATIC) and Binance Coin (BNB) tokens, following the September 4 The latest measures after the Japanese vulnerability was exploited.
recent transfer It involved the transfer of 300 BNB tokens worth approximately $61,500 to the externally owned address “0x695…” which was then bridged to the Avalanche blockchain on September 11 at 4:09 PM UTC.
An additional 520,000 MATIC tokens are available, worth over $266,000 moved Flying to Avalanche at 7:18 am, 7 hours ahead of UTC time.
We are seeing further flows of capital from exploiters.
Based on the user’s other fund movements, 520k MATIC was exchanged and bridged to Avalanche and then to BTC.
View more content on Tianwang https://t.co/Sdsfh29AoF
— CertiK Alert (@CertiKAlert) September 11, 2023
520,000 MATIC and 300 BNB — a total of $328,000 — plus the $4.5 million in stolen funds that were bridged to the Bitcoin blockchain (in BTC) on September 7, according to Blockchain security company Arkham.
However, the total $4.8 million transferred represented only 1.2% of the total $41 million stolen by the hackers.
Over the past 24 hours, hackers have gradually used a series of new wallets on Polygon and Avalanche to move funds to the BTC blockchain.
So far, they have transferred $4.5 million to BTC addresses, with the remaining $36 million still held on ETH/BNB/Polygon. pic.twitter.com/fiMy62ABwL
— Arkham (@ArkhamIntel) September 7, 2023
It is understood that hackers obtained the private keys of Stake’s Binance Smart Chain and Ethereum hot wallet on September 4 and carried out hacking attacks.
The FBI believes North Korea’s Lazarus Group is behind the attack.
Financial losses due to hackers and fraud are expected to exceed $1 billion
With $41 million stolen from Stake, malicious actors in the industry have now driven losses from cryptocurrency hacks and scams to well over $1 billion in 2023.
CertiK previously reported that number at $997 million as of the end of August, although several attacks over the past two weeks will push that number past the $1 billion mark.
related: CertiK drops findings against scammers who allegedly stole $1 million in cryptocurrency
In September, crypto whales lost $24 million in staked Ethereum (ETH) in a phishing attack on September 6, and Vitalik Buterin’s X (formerly Twitter) account was subsequently compromised on September 9, hackers It then lured several victims into a non-fungible token scam totaling $691,000.
The three incidents will bring CertiK’s August figure to at least $1.04 billion.
Cryptocurrency hacks and scams will reach nearly $1 billion in 2023!
⚔️ThreatSlayer is your security assistant to keep you safe! pic.twitter.com/pZmPCdZzP2
— Interlock (@interlockweb3) September 11, 2023
Other recent incidents include a Pepe (PEPE) token withdrawal incident that cost investors $13.2 million, an Exactly Protocol exploit that cost $7.3 million, and a security flaw exposed on Balancer that cost $2.1 million .
Magazine: $3.4B Worth of Bitcoin in Popcorn Jars — The Story of the Silk Road Hackers
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