As supported by its media Korean, there are other altcoins, such as Stellar (XLM), BitTorrent Token (BTT) and TRON (TRX), which were affected. Upbit has only confirmed the theft Ethereum (ETH), however, sources say its total cost hacking will exceed $ 79 millions, including altcoins.
As explained by Upbit, the theft involved money transfers on the grounds that they wanted to move to safer wallets. So far, there are no guarantees as to whether the above altcoins have also been moved. THE hacker who stole the ETH started moving currencies into other wallets, even into other transactions.
Immediately transferring funds to multiple addresses fits the way a hacking team operates, preferring to transfer funds immediately. money. Other hackers have been leaving money at the same address for years before deciding to move it elsewhere.
Tracing transactions showed that the hacker broke the funds in about 50.000 ETH installments and sent them in a series of new wallets.
The Upbit hack also raised suspicions that the trading platform tried to hide some of its profits in order to avoid high taxation.
One way to conceal money without identifying it is to give it to a well-known acquaintance miner, in the form of remuneration. The coins are then referred to as coming from the miners' fees. However, only a few hundred ETHs have moved this way and this particular amount of Upbit can be difficult to hide.
The hack again raised questions about restoring the Ethereum network. Theoretically, stolen ETHs could also enter DeFi systems and be used as security. So far, major exchanges have promised to keep track of wallets and try to freeze any currency movements associated with the hack.
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