Friday, April 19, 2024

Hackers in record-breaking $611million crypto heist tracked down

The hackers on Tuesday stole over $600m (£433m) in one the largest cryptocurrency heists ever.

• August 11, 2021
A hacker on a computer used to illustrate the story.
A hacker on a computer used to illustrate the story.

A firm specialised in blockchain ecological security; Slowmist says that it has tracked down the user ID of hackers involved in the record-breaking $611million crypto heist, The Block reports.

The hackers on Tuesday stole over $600m (£433m) in one the largest cryptocurrency heists ever.

Announcing the unfortunate incident in a tweet on Tuesday, Blockchain site Poly Network said hackers took advantage of a vulnerability in its system to steal thousands of digital tokens such.

“The amount of money you have hacked is one of the biggest in defi [decentralised finance] history. Law enforcement in any country will regard this as a major economic crime and you will be pursued,” Poly Network in a tweet said

“The money you stole are [sic] from tens of thousands of crypto community members, hence the people,” it added.

However, SlowMist disclosed that it got the mailbox, IP and device fingerprints of the attackers through on-chain and off-chain information tracking.

It said further that the attacker’s original funds were in monero (XMR), before it was exchanged with BNB, ETH, MATIC and other tokens used in funding the attack.

It added that it was able to track the identity of the hackers through information it got from a Chinese crypto exchange Hoo.

Slowmist revealed that it was still tracking other possible identification clues and information to totally uncover the identity of the attackers.

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

HPV vaccine

Health

Merck Production Problem: 1.5 million girls in Africa to lose chance of avoiding cervical cancer

The drug company’s decision will affect around 1.5 million teenage girls in Africa who, as a result, will lose their chance to avoid cervical cancer in the near future.

Adejobi Olumuyiwa

States

Alleged serial killer Shuwaldo arrested in Taraba: Police

The police say it arrested an alleged serial killer, Shehu Ibrahim, aka Shuwaldo, for killing and burying his victims in a terrorist enclave.

Kogi state governor, Yahaya Bello

Anti-Corruption

Manhunt for Ex-governor: IGP Egbetokun withdraws policemen attached to wanted Yahaya Bello

The Inspector General of Police, Olukayode Egbetokun, has ordered the withdrawal of all officers attached to former Governor Yahaya Bello.

Lawyers

Rights

Court dismisses lawyers’ suit challenging appointment of judges in Kogi

The judge further held that assuming without conceding that the plaintiffs had locus standi, he wondered if instituting the action was the right course of action.

Car Battery

States

Welder jailed three months for stealing car battery

The Jos Magistrates’ Court, on Friday, sentenced a 43-year-old welder, Solomon John, to three months’ imprisonment for stealing a car battery.

Tailor

Jos

Tailor sentenced to nine-month imprisonment for assault

The magistrate, Shawomi Bokkos, summarily tried and sentenced the defendant after he pleaded guilty to the charge.