Bancor Ethereum-Based dApp Hacker Moves 25,500 ETH into Mixer Service

Over 25,000 ETH that were from the Ethereum-based decentralized application (dApp) Bancor, have been moved to another address that belongs to the hacker.

According to a recently released report by Trustnodes, the hacker sent 25,500 ETH to a mixer service. In order not to call the attention, he sent small sums of ETH and regrouped them all later.

Bancor Hacker Moves 25,500 ETH

One of the hackers that attacked Bancor and was able to gather a large sum of funds from the dApp, has decided to move 25,500 ETH and send them to a mixer service. This clearly shows that the hacker is trying to obfuscate the funds and hope that individuals will stop paying attention to the addresses he manages.

Back in July 2018, $23 million worth of ETH were stolen from Bancor. It is unclear how the attackers had access to the private key od the dApp. The attackers remain unknown. It is worth mentioning that Bancor lost not only 25,500 ETH, but also 2.3 million Bancor tokens (BNT) and 230 million Pundi X tokens (NPXS).

According to Bancor, a wallet that was used to upgrade some smart contracts was compromised by the attackers. It might be difficult for the attacker to spend the funds and for the community to find a way to know who the attacker is and, ultimately, get the funds back. Indeed, this seems just impossible.

There are several users that are checking and controlling the addresses linked to the hacker and to other attacks that have affected the cryptocurrency market and its integrity.

There have been several attacks that affected the crypto space and different exchanges. One of the latest hacks was experienced by the New Zealand-based crypto exchange Cryptopia.

Earlier this year, an attacker was able to steal more than $2.4 million ETH and other digital assets. The company is still trying to recover the funds and make a proper assessment of the consequences of the attack.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide