🚀 Lazarus Group Transfers 5000 ETH Amid Bybit Incident
#LazarusGroup #ETH #Bybit #Cryptocurrency #Bitcoin #eXch #Chainflip #MoneyLaundering
According to Odaily, ZachXBT reported on his personal channel that the Lazarus Group, involved in the Bybit incident, has transferred 5000 ETH to a new address. The group allegedly laundered the funds through eXch, a centralized mixer, and bridged the assets to Bitcoin using Chainflip. The transaction occurred on February 22, 2025, at 6:28:23 AM UTC+8, with the transaction ID 0xbf80907830e46317da2c1708a13a9f016e242f8a6db6e6b0706ea5f2328cb001. The final Bitcoin address through Chainflip is bc1qlu4a33zjspefa3tnq566xszcr0fvwz05ewhqfq.#LazarusGroup #ETH #Bybit #Cryptocurrency #Bitcoin #eXch #Chainflip #MoneyLaundering
🚀 Bybit Hacker Utilizes Chainflip for Cross-Chain Asset Conversion
#Bybit #hacker #Chainflip #crosschain #ETH #onchain #assetconversion #laundering
According to PANews, on-chain analyst Yu Jin has reported that the Bybit hacker has begun using the Chainflip cross-chain exchange tool to convert ETH into assets on other blockchains. Approximately 40 minutes ago, the hacker dispersed 5,000 ETH across multiple addresses and has since laundered 205 ETH through Chainflip.#Bybit #hacker #Chainflip #crosschain #ETH #onchain #assetconversion #laundering
🚀 Chainflip Addresses Bybit CEO's Request Amid Security Concerns
#Chainflip #Bybit #BenZhou #SecurityConcerns #DecentralizedProtocol #CrossChainBridge #BTC #Hackers #AssetProtection
According to Odaily, cross-chain bridge Chainflip has responded to a request from Bybit CEO Ben Zhou regarding the freezing of funds. Chainflip stated that while they are making every effort to address the current situation, as a decentralized protocol, they are unable to completely stop, freeze, or redirect any funds. However, they have closed some front-end services to prevent the movement of funds. Previously, Ben Zhou had posted on the X platform, indicating that hackers were attempting to transfer BTC through Chainflip and requested Chainflip's assistance in preventing further asset transfers to other chains.#Chainflip #Bybit #BenZhou #SecurityConcerns #DecentralizedProtocol #CrossChainBridge #BTC #Hackers #AssetProtection
🚀 Chainflip to Block Bybit Hacker Funds Through Protocol Upgrade
#Chainflip #Bybit #hacker #funds #protocolupgrade #illegalmovement #community #liquidityproviders #validatorproviders #networkupgrade
According to Odaily, Chainflip has announced its decision to block the illegal movement of funds associated with the Bybit hack within its protocol. This decision follows discussions with the team, community, liquidity providers, primary interfaces using Chainflip, and most validator providers. Chainflip stated that the majority of the necessary code has been written and is now in the testing phase. The upgraded version is expected to be deployed on the network within the next 24 to 72 hours.#Chainflip #Bybit #hacker #funds #protocolupgrade #illegalmovement #community #liquidityproviders #validatorproviders #networkupgrade
🚀 Wallet Activity Results in Significant Losses for Hacker
#WalletActivity #Hacker #ETH #Losses #CryptoNews #OnChainAnalysis #Lookonchain #THORChain #Chainflip
According to TechFlow, on July 1, a wallet identified as 0x17E0, potentially linked to a hacker, was monitored by the on-chain analysis platform Lookonchain. Three months ago, this wallet received 12,282 ETH, valued at $23.72 million, from THORChain and Chainflip. The ETH was sold at a price of $1,932. Recently, the wallet repurchased 4,958 ETH at a price of $2,495, totaling $12.37 million. This transaction has resulted in an approximate loss of $6.9 million.#WalletActivity #Hacker #ETH #Losses #CryptoNews #OnChainAnalysis #Lookonchain #THORChain #Chainflip
🚀 Flow Blockchain Implements Protocol Fix Following Exploit
#FlowBlockchain #ProtocolFix #Exploit #NetworkUpgrade #CheckpointRollback #UnauthorizedTransactions #TransactionResubmission #December27Attack #FlowExecutionLayer #NetworkRelaunch #FundsSafety #LaunderingMonitoring #AssetFreezes #Celer #Debridge #Relay #Stargate #Thorchain #Chainflip #FLOW
According to Foresight News, Flow has announced the deployment of a protocol fix to address a recent exploit. Node operators are coordinating the upgrade to revert the network to a checkpoint prior to the attack, removing unauthorized transactions from the ledger. Flow emphasized that this rollback is essential to mitigate the impact of the attack. Users are advised to resubmit transactions made during the network interruption from December 27, 15:25 to December 27, 21:30 UTC+8 once the network is restored. The foundation will confirm these transactions upon the network's official relaunch.
Flow reported that attackers exploited a vulnerability in the Flow execution layer on December 27, transferring approximately $3.9 million before the network shutdown. The attack did not compromise existing user balances, ensuring the safety of all deposits. The funds were primarily moved through bridges like Celer, Debridge, Relay, and Stargate. The attacker’s wallet has been identified and flagged, with laundering activities via Thorchain and Chainflip being actively monitored. Flow Foundation has also requested asset freezes from Circle, Tether, and major exchanges.#FlowBlockchain #ProtocolFix #Exploit #NetworkUpgrade #CheckpointRollback #UnauthorizedTransactions #TransactionResubmission #December27Attack #FlowExecutionLayer #NetworkRelaunch #FundsSafety #LaunderingMonitoring #AssetFreezes #Celer #Debridge #Relay #Stargate #Thorchain #Chainflip #FLOW