The individual or group responsible for the RocketSwap exploit has laundered 227 ETH worth approximately $430,000 through multiple channels.
#PeckShieldAlert#RocketSwap Exploiter-labeled address on #Ethereum has laundered ~169 $ETH into #TornadoCash, bridged ~86 $ETH to #Arbitrum & #BNBChain and then transferred them to #Binance (~347.9 $BNB & ~34 $ETH) & #OKX (~9K $USDT) and swapped ~2 $ETH for $TIP and transferred… pic.twitter.com/t3MIcvahD1
— PeckShieldAlert (@PeckShieldAlert) October 18, 2023
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About a week after the hack, the hacker transferred 277 ETH to another wallet.
This wallet then laundered approximately 169 ETH through TornadoCash.
Following these initial transactions, they proceeded to bridge the remaining 86 ETH to Arbitrum and BNBChain.
The exploiter then transferred 347.9 BNB and 34 ETH to Binance, along with roughly 9,000 USDT to OKX.
There was also an exchange of about 2 ETH for TIP, and these tokens were subsequently sent to MEXC.
Peckshield has provided a visual representation of the flow of these funds in a chart.
Questions have emerged regarding whether more actions can be taken to freeze these assets and ascertain the exploiter's identity, especially now that the funds are within centralised exchanges such as OKX and Binance.
The exchange's Know Your Customer (KYC) policy can also likely associate the wallet with a person.
In a bid to stop terrorist financing, Binance has frozen all accounts associated with known terrorist organisation Hamas.
It stands to reason that they can likely do the same for the RocketSwap exploiter.
Coinlive previously reported on how RocketSwap was hacked in the August of this year, resulting in losses exceeding $865,000.
The breach was attributed to a compromise of their private keys, believed to have originated from vulnerabilities in their online servers.
Binance has not yet decided on its new global headquarters due to complexities like tax laws and talent acquisition challenges. Legal troubles, including Changpeng Zhao's legal issues and a $4.3 billion fine, have led Binance to restructure its leadership and adopt better governance strategies.
WeatherlyBitcoin has reached a new all-time high, surpassing $100,000, while CZ remains unaffected by the surge, holding onto the same amount of Bitcoin. Binance Coin (BNB) also hit a record high, but CZ’s focus remains on Bitcoin’s long-term value rather than its fluctuating price.
WeatherlyIndian authorities uncovered $97 million in unpaid GST from crypto exchanges, with Binance owing $85 million. The government is cracking down on tax evasion, while Binance faces mounting global challenges, including regulatory issues in multiple countries.
WeatherlyCZ’s recent Toy Story meme has sparked speculation about Binance’s future, with many linking it to potential BNB institutional adoption or a BNB-based ETF. Meanwhile, BNB’s price surged to a new all-time high of $776.80, reflecting its growing market influence as altcoins, including BNB, gain momentum.
WeatherlyThe FTX bankruptcy estate claims SBF’s $1.76 billion repurchase deal with Binance in July 2021 was a fraudulent transfer due to FTX’s insolvency. The lawsuit seeks to recover billions for FTX creditors, alleging the transaction was fraudulent.
KikyoFormer Binance CEO, CZ (real name Changpeng), told Bloomberg that he had received multiple offers from buyers who are willing to offer him a high price to buy his shares in Binance.
XingChiBinance and its former CEO, Changpeng Zhao, are pushing to dismiss the SEC’s amended complaint, arguing that the regulator’s approach to crypto lacks clarity and consistency. Binance claims the SEC's broad interpretation of crypto assets as securities is confusing and unfairly applied.
WeatherlyChangpeng Zhao, founder of Binance, made his first public appearance since his prison release at the Binance Blockchain Week in Dubai, discussing his reflections on his incarceration and future plans. He expressed a renewed appreciation for personal connections, a commitment to education, and intentions to invest in emerging sectors while remaining optimistic about the future of cryptocurrency.
JoyFormer Binance CEO CZ's first tweet after his prison release sparked attention, briefly mentioning future plans and enjoying freedom. BNB surged to a monthly high but quickly reversed, declining along with the broader crypto market.
KikyoBinance founder CZ will be released today, 27 September, two days ahead of schedule, due to his release date falling on a weekend. Will this trigger a rise in BNB’s price?
KikyoThe issuance of a Wells Notice by the SEC to Uniswap Labs has sparked a unified response from the crypto community, rallying in defense of DeFi innovation and decentralised principles.
CatherineRecently, the latest data from the Feixiao platform shows that 4E Exchange has successfully ranked among the top 38 in the world, with a 24-hour trading volume of US$50.022 billion, a very impressive performance.
JinseFinanceGala Music revolutionizes the music industry with blockchain, empowering artists and engaging fans. The MUSIC token, now tradable on LBank Exchange, drives fan interaction, offering exclusive content and merchandise. A new era in decentralized music experiences begins!
Huang BoJinseFinanceBase project RocketSwap fell victim to a hacking incident that resulted in losses surpassing $865k, a staggering amount attributed to a breach of their private keys but has announced an emergency containment programme.
Catherine
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