{"id":21602,"date":"2025-02-28T10:24:12","date_gmt":"2025-02-28T08:24:12","guid":{"rendered":"https:\/\/forklog.com\/en\/cryptocurrency-theft-of-4-million-from-mask-network-founder-on-his-birthday\/"},"modified":"2025-02-28T10:24:12","modified_gmt":"2025-02-28T08:24:12","slug":"cryptocurrency-theft-of-4-million-from-mask-network-founder-on-his-birthday","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cryptocurrency-theft-of-4-million-from-mask-network-founder-on-his-birthday\/","title":{"rendered":"Cryptocurrency Theft of $4 Million from Mask Network Founder on His Birthday"},"content":{"rendered":"<p>Over $4 million in digital assets were stolen from the wallet of Mask Network founder Suji Yan on his 29th birthday.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">I turned 29 yrs old today, 6 hours ago. Around 3 hours ago \u2014 one of my public wallet I carried on my phone was hacked and 4m$+ assets was stolen. All the stolen tx seems manual and span 11+ mins. <\/p>\n<p>So either the private key was leaked same day as my birthday and hacker manual tsf\u2026 <a href=\"https:\/\/t.co\/SkuIb2nrPf\">https:\/\/t.co\/SkuIb2nrPf<\/a><\/p>\n<p>\u2014 Suji Yan \u2014 Mask is BUIDLing (@suji_yan) <a href=\"https:\/\/twitter.com\/suji_yan\/status\/1895103068808642811?ref_src=twsrc%5Etfw\">February 27, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Suspicious activity linked to the entrepreneur&#8217;s account was noted by Cyvers Alerts. According to experts, the perpetrator immediately converted the stolen coins into Ethereum (ETH) and distributed them across six addresses.<\/p>\n<p>Yan noted that transactions from his mobile wallet appeared to be conducted manually and took just over 11 minutes.<\/p>\n<p>He speculated that the hacker somehow obtained his private key. However, it could have been an offline attack, as he left his phone unattended during the birthday party.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cI trust my friends, but this is a nightmare for anyone,\u201d Yan wrote.<\/p>\n<\/blockquote>\n<p>The entrepreneur contacted the SlowMist team and on-chain detective ZachXBT for assistance in the investigation. He also reached out to law enforcement.<\/p>\n<p>In case the theft was carried out through his smartphone, Yan invited the thief to contact him personally.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cCryptocurrency is not a dark forest, and I will not let this happen,\u201d he emphasized.<\/p>\n<\/blockquote>\n<p>In February, the damage to industry projects from hacks <a href=\"https:\/\/forklog.com\/en\/news\/immunefi-reports-february-crypto-losses-of-1-53-billion-due-to-bybit-hack\">amounted to $1.53 billion<\/a>, which is 20 times more than the previous month, according to Immunefi. Of this amount, $1.46 billion accounts for losses at <a href=\"https:\/\/forklog.com\/en\/news\/bybit-exchange-suffers-1-46-billion-loss-in-hack\">Bybit exchange<\/a> due to an attack by hackers from the Lazarus Group.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over $4 million in digital assets were stolen from the wallet of Mask Network founder Suji Yan on his 29th birthday. I turned 29 yrs old today, 6 hours ago. Around 3 hours ago \u2014 one of my public wallet I carried on my phone was hacked and 4m$+ assets was stolen. All the stolen [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21601,"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":[1154,44],"class_list":["post-21602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crimes","tag-cybercrime"],"aioseo_notices":[],"amp_enabled":true,"views":"72","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/21602","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=21602"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/21602\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/21601"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=21602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=21602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=21602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}