- The ALEX Lab hackers carried out over 9,700 transactions to distribute the stolen STX tokens.
- The amount of traceable transactions soared from 300 to greater than 9,600.
- The attacker deposited $15 million in STX into the change, leaving a steadiness of $9.9 million.
ALEX Lab, a Bitcoin Layer 2 (L2) community bridge, has issued an replace on the current hack that led to the theft of thousands and thousands of {dollars} value of cryptocurrency, detailing the perpetrators' ongoing efforts to launder the stolen funds.
In response to the newest replace, as of 11 a.m. on June 17, the perpetrators had carried out over 9,700 transactions and systematically created new pockets addresses to distribute the stolen STX tokens to those wallets.
Because of this, the quantity of traceable transactions has skyrocketed from an preliminary 300 to over 9,600, with no indicators of slowing down. This tactic has considerably elevated the variety of distinctive addresses beneath the attacker's management, from lower than 100 to over 4,700 in simply seven days.
ALEX Lab famous that the hackers transferred small quantities of STX to hundreds of latest addresses that have been later funneled into centralized exchanges (CEXs).
Regardless of these challenges, ALEX Lab reviews that almost all of CEXs are strongly cooperating with the restoration efforts. Nevertheless, attackers have turn out to be adept at adapting and quickly altering the goal CEXs the place they deposit stolen funds to be able to evade restoration efforts.
At the moment, there may be 8,373,587 traceable STX deposited on the CEX, valued at roughly $15 million. The attacker's on-chain steadiness, contemplating solely wallets holding 100 STX or extra, is roughly 5,560,332 STX, or $9.9 million.
Of observe, the exploit started in mid-Could, and the ALEX Lab staff provided a ten% bounty for the return of 90% of the stolen funds, however to no avail. ALEX Lab continues to work carefully with CEX and leverage the newest blockchain forensic methods to hint and recuperate the stolen funds.
Disclaimer: The data introduced on this article is for informational and academic functions solely. This text doesn’t represent monetary recommendation or counsel of any variety. Coin Version shouldn’t be answerable for any losses incurred on account of using the content material, merchandise, or companies talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.
