AscendEX Hacker Splits Stolen Tokens Between Three Addresses

The attacker withdrew about $77.7 million from the hot wallets of the crypto trading platform in various digitalcoins. In the event of a one-time sale, the value of assets can drop sharply.

On the night of December 13, the cryptocurrency stolen inas a result of the hacking of the "hot" wallets of the Singaporean cryptoexchange AscendEX, it is back in motion. So far, it is known that the hacker transferred all the stolen assets to another wallet, and then divided some of them between two addresses. On one of them, the attacker stores tokens for $ 16 million, on the second - for $ 250 thousand. Also, more than $ 10 million worth of cryptocurrencies remained on the wallets that were used in the hacking. The data was obtained using the Etherscan.io blockchain explorer.

A hacker can start selling stolen coins.Once hacked, attackers often transfer assets to Ethereum using decentralized exchanges and then “clean up” the cryptocurrency through dedicated transaction mixing services such as Tornado Cash. After that, the value of some digital assets may decline.

Now the hacker's wallets contain the following digital assets with a volume of more than $ 1 million:
$12 million Dai
Ethereum for $6 million
UOS For $3.4 million
FTM for $2.5 million
CPOOL for $2.1 million
$1 million COTI
Zig for $1.8 million
ORN for $1.6 million
WOO for $1.3 million
OXY for $1.2 million

As of 11:33 am Moscow time, the hacker sold an AAVE token for $ 80,000 in Ethereum, FET and AXS for $ 60,000 in Ethereum, according to the telegram bot EtherDrops Tracking Bot.

December 12 representatives of the AscendEX exchangeconfirmed that Ethereum, Polygon and Binance Smart Chain (BSC) hot wallets were hacked. According to research firm PeckShield, the hacker stole more than $ 77.7 million in various tokens.

AscendEX crypto exchange was founded in 2018 andwas originally called BitMax. In March of this year, the trading platform rebranded and raised $ 50 million in funding from Polychain Capital, Hack VC and other companies.

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