The hacker who breached the AscendEX cryptocurrency exchange in December 2021 has begun selling the stolen assets.
The @AscendEX_Global incident hackers start laundering money. The hackers swapped erc20-token on @Uniswap and aggregated ether to this wallet :https://t.co/xKV2x9R0bt pic.twitter.com/wfNqthS2Yx
— PeckShieldAlert (@PeckShieldAlert) February 18, 2022
According to PeckShield analysts, the attacker swapped ERC-20 tokens, including Route, Rio Fuel, MATIC, REVV, Clearpool and MAPS, for Ethereum on the Uniswap decentralised exchange.
Sales volume exceeded $1 million; the hacker aggregated the funds in a single wallet. At the time of writing, the address held 2,459 ETH worth about $7.2 million.
On 12 December AscendEX confirmed the breach of hot wallets on Ethereum, Polygon and the Binance Smart Chain.
PeckShield estimated the damage at $77.7 million. The largest share of the stolen assets was in Ethereum network tokens — $60 million.
AscendEX was founded in 2018 under the name BitMax. In March 2021 the company rebranded, and in November — raised $50 million from Polychain Capital, Hack VC and other investors.
Earlier, PeckShield experts reported a hack of the Crypto.com cryptocurrency platform. The latter’s team said customer funds were safe, and withdrawals were paused due to “suspicious activity”.
Two days later, Crypto.com confirmed a breach of around 400 user accounts. The loss was around $34 million. The platform fully reimbursed the customers’ losses from its own funds.