Two months after crypto exchange AscendEx (formerly Bitmax) was blown up, anonymous hackers transferred about $1.5 million worth of Ethereum to Uniswap in their first attempts to launder money.
CryptoPotato reported in mid-December when the three-year-old digital asset trading platform became the latest victim of a security breach. Early estimates showed that the total amount stolen was the equivalent of around $80 million worth of Ether, Binance Coin, and MATIC. The addresses that received the funds were immediately blacklisted with little to no movement as of today. However, blockchain security firm PeckShield highlighted that there is activity coming from one of the Ethereum addresses. More specifically, the hackers sent roughly $1.5 million worth of ETH to Uniswap in their first attempts to launder the funds.
the @AscendEX_Global incident hackers begin to launder money. The hackers exchanged erc20-token in @Uniswap and ether added to this wallet: https://t.co/xKV2x9R0bt pic.twitter.com/wfNqthS2Yx
— PeckShieldAlert (@PeckShieldAlert) February 18, 2022
Being a decentralized exchange, Uniswap has no KYC requirements, which means perpetrators can mix their coins and send them to new addresses without being traced. After the hack, AscendEx suspended all withdrawals and deposits for security reasons, and it took a little over a week for the exchange to resume All the services.
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This post Over $1.5 Million ETH From AscendEx Hack Moved To Uniswap
was published first on https://cryptopotato.com/over-1-5-million-of-eth-from-the-ascendex-hack-moved-to-uniswap/