BTC.com Stolen Funds Mixed In Tornado Cash; Others Found On Centralized Exchanges
Last month, BTC.com, a cryptocurrency mining pool, was the victim of a cyberattack on its network, which resulted in customer funds drained out of the firm.
New information has emerged, with the location of the funds now known to the firm.
Stolen Funds Located On The Infamous Crypto Tumbler
The investigation into the attack on the BTC.com mining platform in December 2022 has yielded positive results, with the fund’s locations found and known to the firm.
The platform hack resulted in losses for the company and the theft of customer funds.
These stolen funds from BTC.com were moved to Tornado Cash, while part of it were sent to some centralized exchanges, as reported by a market research organization.
Using a centralized Bitcoin mixer, these hackers were able to steal these assets, as evidenced by the transfer of 33BTC from a Bitcoin wallet.
Over 1900 Ethereum were allegedly transferred and deposited to four new wallet addresses, according to X-plore, a market analysis company. It was discovered that the funds in the wallets had later gone through a coin mixer and other exchanges.
According to the news report on this cyberattack, hackers stole digital assets worth more than $750K from the mining pool.
In December, BIT mining limited was the target of a similar system hack that is alleged to have drained the firm of over $3 million.
Investigations In Top Gear After The Hack
The Shenzhan authorities in China were notified of the case following the cyberattack on these firms. The investigation into this case was launched by the authorities in an effort to gather information that would help them identify the culprits and the location of the stolen funds.
When BTC.com learned of the breach and hack on its server, it was reported that its team immediately moved to put in place tools and technologies intended to block out these hacks and keep the server secure while the investigation was underway, and to also stop similar incidents from occurring in the future.
With a 3.8% market dominance in the cryptocurrency mining industry and a hash rate of 10.3 EH/s, BTC.com continues to uphold its strong position in the sector.
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