BitKeep Hacker Moves $1M Binance Coins Through Tornado Cash

An anonymous cybercriminal on Monday stole $1 million worth of Binance Coin (BNB) tokens from multi-chain wallet BitKeep’s token-swap service, before transferring the funds through the US government-sanctioned transaction privacy tool Tornado Cash forwarded, so a Twitter thread today by BitKeep.

Customers affected by the attack have been told they will be held accountable for their losses.

Meanwhile, all other customer wallets are said to be “secured”; BitKeep has assured people that yesterday’s attack was successfully contained.

The company issued a partial roadmap detailing the next steps. BitKeep’s token swap service has been frozen and the company plans to add “a wallet security backup feature, and therefore a one-tap repair feature,” according to the thread.

BitKeep also works with the relevant security agencies to find the attacker and recover the funds.

A specific reimbursement plan was released earlier today the company’s blogreaffirming the company’s commitment to 100% compensation and announcing the launch of a “compensation portal” within the next three days.

BitKeep and crypto hacks

October is only sixteen days old and the month is already over the biggest for crypto hacks in the worst year ever for hackers.

In fact, last week was the worst week yet, with four hacks in a single day on Tuesday. Of the four, Solana-based crypto trading platform Mango Markets was the largest; $100 million was deducted.

in his negotiation Suggestion According to Mango, the attacker appeared to be working on behalf of Mango’s depositors, citing “bad debts” from a bailout carried out by Mango Markets and Solend in June.

He later posed as a certain Avraham Mayer Eisenberg from New York – who allegedly did it millions milked from crypto exploits. Eisenberg said that for his latest heroic act he worked as part of a larger organization and claimed their actions were legal.

Blockchain bridges, connecting different blockchain ecosystems, have become a common target of crypto hackers this year. earlier this year, Axe Infinity Developer Sky Mavis was the target of one of the greatest hacks of all time.

On March 23, the attackers withdrew 173,600 Ethereum and 25.5 million USDC Stablecoins from the bridge connecting Sky Mavis’ custom Ronin sidechain to Ethereum. The historical $622 million However, the theft was not discovered until March 29.

This month attackers could steal $100 million in cryptocurrencies by a cross-chain bridge between BNB Beacon Chain and BNB Smart Chain.

Last weekend, Japan’s national police and financial services agencies released a Joint Statement the announcement that North Korea’s state-sponsored cybercriminal group Lazarus has attacked several Japanese crypto firms.

In April was Lazarus connected to the historical $622 million attack at Sky Mavis ether Side Chain Ronin.

As the crypto industry scales, so does this dark side of criminal hackers and opportunists. Many are turning to regulators for help in containing, reducing, and preventing blockchain-targeted crime.

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About Gloria Skelton

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