A hacker who breached KuCoin’s hot wallets moved 50,000 LINK tokens (about $530,000) to an unknown address. The analytics platform Whale Alert highlighted the move.
⚠ 50,000 #LINK (529,962 USD) of stolen funds transferred from Kucoin Hack 2020 to unknown wallet
— Whale Alert (@whale_alert) September 28, 2020
In total, the service recorded several transfers, the first of which occurred at 11:53 MSK.
Source: etherscan.io
The hacker exchanges most of the LINK tokens for Ethereum via the decentralized exchange Kyber Network.
Analyst Hsaka has already called the attacker “the most meticulous dumper I’ve ever encountered”:
Hacker going for $LINK next by the looks of it. Only got ~$2m of it.
This guy is the most meticulous dumper I’ve ever seen. Test transactions, TWAPing, etc.
36hrs, 15m of 150m liquidated. You can do this haxor. pic.twitter.com/aakJL57Y9N
— Hsaka (@HsakaTrades) September 28, 2020
“He uses test transactions, TWAP orders, and so on. It’s time to watch how he will sell LINK over the next 12 hours,” writes Hsaka.
Earlier, SNX tokens stolen from an exchange worth $6.7 million and OCEAN worth about $76,000 moved.
Earlier, on September 26, KuCoin stated unauthorized withdrawals from hot wallets. The loss was estimated at $150 million.
Later it turned out that, to convert altcoins to Ethereum, the hacker used the decentralized exchange Uniswap.
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