{"id":15202,"date":"2024-07-15T10:48:03","date_gmt":"2024-07-15T07:48:03","guid":{"rendered":"https:\/\/forklog.com\/en\/expert-traces-stolen-dmm-bitcoin-assets\/"},"modified":"2024-07-15T10:48:03","modified_gmt":"2024-07-15T07:48:03","slug":"expert-traces-stolen-dmm-bitcoin-assets","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/expert-traces-stolen-dmm-bitcoin-assets\/","title":{"rendered":"Expert Traces Stolen DMM Bitcoin Assets"},"content":{"rendered":"<p>Since early July, over $35 million obtained from the May hack of the cryptocurrency exchange DMM Bitcoin has been laundered through the Cambodian online marketplace Huione Guarantee. This was highlighted by on-chain researcher ZachXBT.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1\/4 So far in July 2024 more than $35M from the $305M DMM Bitcoin hack has been laundered to the online marketplace Huione Guarantee <\/p>\n<p>It is suspected that Lazarus Group is behind the hack due to similarities in laundering techniques and off chain indicators. <a href=\"https:\/\/t.co\/g1ndlttBll\">pic.twitter.com\/g1ndlttBll<\/a><\/p>\n<p>\u2014 ZachXBT (@zachxbt) <a href=\"https:\/\/twitter.com\/zachxbt\/status\/1812466959109521649?ref_src=twsrc%5Etfw\">July 14, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to his data, the hackers initially passed the stolen bitcoins through mixers and then exchanged them for Ethereum and Avalanche via the cross-chain liquidity protocol THORChain.<\/p>\n<p>The assets were subsequently converted into USDT, then into Tron, and finally ended up on Huione Guarantee.<\/p>\n<p>A transfer of $29.6 million to a Huione account was blocked after the stablecoin issuer Tether blacklisted one of the hacker <a href=\"https:\/\/tronscan.org\/#\/address\/TNVaKWQzau7xL9bcnvLmF9KSEQkWEs4Ug8\">Tron wallets<\/a> on July 12.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"nl\" dir=\"ltr\">TNVaKWQzau7xL9bcnvLmF9KSEQkWEs4Ug8<br \/>Timestamp: 12.07.2024, 23:21:36 UTC<br \/>Event: AddedBlackList<br \/>Balance: 28,257,162.94 USDT (TRC20)<a href=\"https:\/\/t.co\/Whl97I1K7m\">https:\/\/t.co\/Whl97I1K7m<\/a><\/p>\n<p>\u2014 USDT\/USDC Ban List (@USDTBanList) <a href=\"https:\/\/twitter.com\/USDTBanList\/status\/1811904659038306519?ref_src=twsrc%5Etfw\">July 12, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The same address, according to ZachXBT, withdrew about $14 million of the stolen DMM Bitcoin funds over three days.<\/p>\n<p>The researcher also shared <a href=\"https:\/\/www.chainabuse.com\/report\/7a1ce276-3347-43d2-8b16-c1a7cf2bfaf3\">538 wallets<\/a> involved in the exchange hack.<\/p>\n<p>ZachXBT suggested that the Lazarus Group is behind the incident, &#8220;as the money laundering methods and off-chain indicators are similar.&#8221;<\/p>\n<p>Earlier, analysts at Elliptic reported that the online marketplace Huione Guarantee processed fraudulent transactions totaling $11 billion.<\/p>\n<p>Back in May, the Japan-based DMM Bitcoin <a href=\"https:\/\/forklog.com\/en\/news\/dmm-bitcoin-exchange-hacked-for-305-million\">lost $305 million in bitcoins<\/a> due to a hack.<\/p>\n<p>About a week later, the exchange raised $320 million to compensate users.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since early July, over $35 million obtained from the May hack of the cryptocurrency exchange DMM Bitcoin has been laundered through the Cambodian online marketplace Huione Guarantee. This was highlighted by on-chain researcher ZachXBT. 1\/4 So far in July 2024 more than $35M from the $305M DMM Bitcoin hack has been laundered to the online [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15201,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[44,1125,822],"class_list":["post-15202","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cybercrime","tag-lazarus","tag-marketplace"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=15202"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15202\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/15201"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=15202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=15202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=15202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}