A current on-chain investigation signifies a hacker plundered $29 million price of the Solana (SOL) rival Sui (SUI) from a single sufferer final month.
The on-chain sleuth ZachXBT uncovered the hack, which he notes occurred on December twelfth.
“The stolen funds had been bridged from Sui to Ethereum by way of Bridgers after which deposited to Twister Money in batches…
The sufferer transferred their .sui domains to a brand new uncompromised deal with shortly after the theft. Present limitations with Sui block explorers and Sui analytics instruments make the theft tough to hint.”
Twister Money is an Ethereum (ETH)-based coin mixing system that helps customers conceal their digital belongings. The US sanctioned the controversial undertaking in 2022 for nationwide safety functions.
Losses from crypto hacks and scams surged in 2024, in response to the blockchain safety agency PeckShield.
The agency mentioned earlier this month that the entire worth loss within the crypto sector final 12 months exceeded $3.01 billion, a 15% enhance from the 2023 complete.
That quantity included $2.15 billion stolen in hacks and $834.5 million looted in scams. PeckShield additionally famous that $488.5 million price of crypto was recovered.
Regardless of the surge in digital asset losses final 12 months, 2024 nonetheless wasn’t as prolific as 2022, which clocked $3.6 billion price of worth loss throughout the sector.
Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox
Test Worth Motion
Comply with us on X, Fb and Telegram
Surf The Every day Hodl Combine
 
Disclaimer: Opinions expressed at The Every day Hodl should not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any losses chances are you’ll incur are your accountability. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please observe that The Every day Hodl participates in affiliate marketing online.
Generated Picture: Midjourney
