Hackers Suddenly Move $8 million of their stolen Bitcoin from Binance

Hackers Suddenly Move $8 million of their stolen Bitcoin from Binance

Business Featured
July 14, 2019 by Super System
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Bitcoin vs Fiat

Are The Hackers Ready To start Cashing Out?

In the early hours of today, a vast number of Bitcoins were sent from one of the Bitcoin’s hackers walet s to a separate pair of adresses. 

“Earlyer this year, at May, hackers cyber attacked Binance, the biggest cryptocurrncy exchange in the world. “

A combind 707.1 Bitcoins worth over $8 million dollars ($11,898 – CoinDesk) were stolen earlier this year from the major crypto curncy exchange Binance were suddenly moved today. 

Bitocin Price according to Coindesk

Hackers stollen bitcoins

The sudden transers, two in total, of 706.1 Bitcoin ($8 million), and another of 1 Bitcoin ($11,898), were detected by Twitter-cased transaction monitore – @whale alert

Whale Alert Bitcoin

Earlyer this year, at May, hackers cyber attacked Binance, the biggest cryptocurrncy exchange in the world. Binance suffered a loss of 7,000 BTC in this hack alone. The Bitcoin were moved in a single transaction. It is important to mention that Binance users were not effected by the attack, binance took the tole on itself. 

In response to the breach, Changpang Zhao, Binance CEO, publicly waved the idea of rolling back the Bitcoin blockchain to reverse the attack. A request that would need to include the majority of the Bitcoin users to work in cooperation agaisnt the hackers. 

It is assumed that the hackers might move the stolen Bitcoin to a cryptocurrncy exchange in order to launder, and propbably cash out thier digital stolen goods.  

“It is assumed that the hackers might move the stolen Bitcoin to a cryptocurrncy exchange in order to launder, and propbably cash out thier digital stolen goods. “

Zhao understood the request was a bit to complex and abandond the idea soon after announcing it.

A month after the attack, the hackers, started to move portions of the stolen 7,000 Bitcoins in a unusual set of transactions. It was presumed that the transactions were done in order to split the loot. Seven transactions were detected in total by blockchain analytics firm Chainalysis. 

Now all eyes rest on the 10% of the stolen Bitcoin. It is assumed that the hackers might move the stolen Bitcoin to a cryptocurrncy exchange in order to launder, and propbably cash out thier digital stolen goods.  

 

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