{"id":86935,"date":"2023-11-13T10:35:19","date_gmt":"2023-11-13T08:35:19","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=86935"},"modified":"2025-09-13T08:39:01","modified_gmt":"2025-09-13T05:39:01","slug":"expert-reports-27-million-crypto-wallet-hack","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/expert-reports-27-million-crypto-wallet-hack\/","title":{"rendered":"Expert reports $27 million crypto wallet hack"},"content":{"rendered":"<p>On November 12, the attacker hacked a crypto wallet for a total of around $27 million in <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-stablecoins\">stablecoin<\/a> USDT. This was stated by on-chain sleuth ZachXBT.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">It appears someone had 27M USDT stolen yesterday.<\/p>\n<p>0x0f2183c8e415e61b4ad7774bf1097019eb2d5b85798a2a229070495131d60321<\/p>\n<p>USDT was quickly swapped for ETH, then transferred to a number of services (FixedFloat, ChangeNow, etc), and bridged to Bitcoin via THORChain. <a href=\\\"https:\/\/t.co\/SgEBwyZZSc\\\">pic.twitter.com\/SgEBwyZZSc<\/a><\/p>\n<p>\u2014 ZachXBT (@zachxbt) <a href=\\\"https:\/\/twitter.com\/zachxbt\/status\/1723757797316133240?ref_src=twsrc%5Etfw\\\">November 12, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n\\n\\n<\/p>\n<p>The hacked wallet holder received USDT after a withdrawal from Binance about a week ago. As noted by ZachXBT, the wallet also interacted with the exchange&#8217;s smart-contract deployment address from May 2019.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>The hacker converted the received funds into Ethereum, and then directed them to various services such as FixedFloat and ChangeNow. Afterwards, he moved the assets to the Bitcoin network via THORChain.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\"><p>\\n<\/p>\n<p>\u00abIt is likely that [the hacker] will transfer the funds to a mixer or send them to a dubious service. Withdrawing large sums through the over-the-counter market is a common occurrence (it will happen later, after the funds are laundered),\u00bb concluded the researcher.\u00a0<\/p>\n<p>\\n<\/p><\/blockquote>\n<p>\\n\\n\\n\\n<\/p>\n<p>Earlier, ZachXBT <a href=\"https:\/\/u1f987.com\/en\/news\/expert-suspects-2-million-theft-from-coinspot-exchange-after-hack\">suspected<\/a> the theft of 1282 ETH (~$2 million at the time of the attack) from the CoinSpot exchange as a result of the hack.\u00a0<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Earlier, the on-chain sleuth <a href=\"https:\/\/u1f987.com\/en\/news\/expert-spots-movement-of-4800-btc-from-the-closed-abraxas-darknet-market\">detected movement of 4800 BTC<\/a> from the closed darknet market Abraxas in October.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On November 12, the attacker hacked a crypto wallet for a total of around $27 million in {{AOPEN_1}}stablecoin{{ACLOSE_1}} USDT. This was stated by on-chain sleuth ZachXBT.<\/p>\n","protected":false},"author":1,"featured_media":86936,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[44,57],"class_list":["post-86935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cybercrime","tag-wallets"],"aioseo_notices":[],"amp_enabled":true,"views":"35","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=86935"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86935\/revisions"}],"predecessor-version":[{"id":86937,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86935\/revisions\/86937"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/86936"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=86935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=86935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=86935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}