- ZachXBT found a cryptocurrency theft involving roughly $2 million price of meme cash.
- The culprits transformed roughly half of the stolen cryptocurrency into ETH and moved it to a brand new pockets.
- Memecoin hackers stole cash from sufferer's wallets in three transactions in lower than a minute.
Blockchain investigator ZachXBT has uncovered a cryptocurrency heist concentrating on roughly $2 million price of meme cash. In a submit, the investigator revealed that the perpetrators transformed half of the stolen belongings into Ethereum (ETH) and moved them to a brand new pockets.
ZachXBT shared transaction diagrams attribute of his investigation, which confirmed the remaining stolen funds had been held in ANDY, a meme coin on the Base community. On the time of reporting, the hackers held 4.2 billion ANDY, valued at roughly $1 million.
An investigation revealed that the hackers stole the memecoins via three separate transactions in lower than a minute. The stolen cryptocurrency was consolidated into one pockets after which dispersed to 5 new addresses via a number of transactions. The switch course of took lower than half-hour.
The report highlighted a number of secondary transfers, most notably 8.38 ETH despatched to a brand new pockets, the second involving a few of the stolen meme cash.
ZachXBT's warning coincides with rising curiosity within the meme coin sector fuelled by ongoing cryptocurrency market hypothesis, with many merchants seeing meme cash as a possible short-term revenue alternative given their historical past of fast value will increase.
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