KuCoin-stolen bitcoins pass through ChipMixer

Hackers began moving bitcoins stolen from the KuCoin cryptocurrency exchange in September. Elliptic analysts, пишет The Block.

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According to them, a portion of the coins passed through the ChipMixer mixing service.

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“425 of the 1008 stolen BTC have been sent to the ChipMixer mixer. The movement of funds began on the morning of October 26,” the analysts noted.

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Source: Elliptic.

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After the transfers, ChipMixer issues users an equivalent amount of chips that can be used for bets. If the user wins, the amount is doubled, or they go to the service. Chips can also be donated.

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The service’s internal rules do not permit disclosure of the size of winnings or losses.

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Earlier in September, KuCoin reported unauthorized withdrawals from hot wallets of Bitcoin, ERC-20 tokens and others. The loss amounted to more than $280 million.

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Later, KuCoin was able to identify the suspects in the hack and block part of the stolen funds with the help of partners.

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To move the funds, the hackers employed the Uniswap exchange and the mixer Tornado Cash.

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