- Bitrue Drainer unloaded 4,207 ETH into DAI stablecoin for $16.34 million.
- The transaction follows the Bitrue safety breach in April 2023 wherein $23.5 million was stolen.
- The hackers nonetheless maintain over $24 million value of ETH, SHIB, and HOT tokens.
Cryptocurrency monitoring platform Lookonchain has revealed an alarming improvement relating to addresses with the notorious Bitrue Drainer label. In accordance with disclosures, the identical hacker who dedicated a staggering $23.5 million heist on Bitrue Change final 12 months has resurfaced with big cryptocurrency gross sales.
Specifically, Lookonchain famous that Bitrue Drainer unloaded 4,207 ETH for $16.34 million denominated within the DAI stablecoin. The hacker executed trades inside the previous 24 hours wherein he offered ETH for $3,885 every.
Notably, this transaction follows the Bitrue safety breach that occurred on April 14, 2023, which allowed malicious actors to make off with thousands and thousands of {dollars} in digital property. Lookonchain claims that hackers stole 137,000 Quant (QNT), 46.4 Million Gala (GALA), 172.55 Billion Shiba Inu (SHIB), 756 Million Holo (HOT), 318 ETH, and 315,100 Polygon (MATIC) He emphasised that.
Moreover, Lookonchain identified that after the incident, Bitrue Drainer offered 137,000 QNT for $14.74 million in Ethereum, leading to QNT's worth plummeting by greater than 9% inside hours. On the identical day, the hacker liquidated 46.4 million GALA for $1.86 million, 22.55 billion SHIB for $236,000, and 310,071 MATIC for $343,000.
These tokens have been transformed to ETH, however the hack left some property intact. Presently, Bitrue Drainer's holdings are 4,650 Ethereum, 150 billion SHIB, and 756 million HOT, value $17.68 million, $4.7 million, and $2.9 million, respectively.
On the time of the heist, these stolen tokens have been valued at roughly $23.5 million. Nonetheless, contemplating the current rise within the cryptocurrency market, its worth has greater than doubled. In different phrases, regardless of all of the previous gross sales, the hacker nonetheless has collected financial worth that exceeds the funds he initially stole.
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