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Bybit infiltrators launder 70 % of the money, Circle faces a violent reaction

North Korea’s infiltrators are close to the final stages of washing 499,000 ETH, at a value of approximately $ 1.5 billion. In their current pace, they can complete this process during the next three days.

Meanwhile, this comes amid criticism of the Usdc Stablecoin circle by allegedly delaying the work of the blacklist portfolio associated with the attack.

North Korea pirates intensify the house washing efforts

On March 1, North Korean infiltrators moved 62200 ETH, worth about $ 138 million, reducing the remaining remaining balance to 156,500 ETH.

According to the Crypto Emburcn investigator, who was monitoring transactions, the rapid movement of the money indicates that the laundry can be completed within days.

“Since the infiltrator resumed money laundering yesterday at 3 pm, they laundered 62200 ETH (worth $ 138 million). Of 499,000 ETH stolen from Bybit, only 156000 ETH (346 million dollars) still unlimited. In about three other days, it must be washed completely,“ EmbercN books On x.

Bybit Hacker Ethereum Holdings.
Bybit Hacker Ethereum Holdings. source: x/embercn

This confirms a a report From Blockchain Intelligence TRM LABS, which indicated that the attackers have an “unprecedented level of operational efficiency”.

According to the company, the group employs a complex laundry strategy, using intermediary portfolios, decentralized exchanges, and chain bridges to hide the movement of funds. These tactics make it difficult for researchers increasing to track and restore stolen eth.

Meanwhile, the authorities also noticed. On February 27, the FBI set a group of North Korea piracy known as Tradertractor as a BYBIT attack.

In response, Bybit launched a $ 140 million bonus program to motivate individuals who can help track and freeze stolen assets. So far, 16 people have received a total of $ 4.2 million for their contributions.

The department faces criticism of delay in the blacklist

Looking at the rapid pace of the washing activity, Sleute Zachxbt criticized the series for its late response to the Black List, which is controlled by infiltrators.

he Indicate The company took more than 24 hours to act, giving the attackers a great time to transfer assets out of reach.

Zachxbt also highlighted previous incidents where Circle failed to freeze illegal money immediately, indicating major encryption violations such as Hacks Bedger and Nomad Bridge.

Argue Circle, k kEy Stablecoin Securder should take a more aggressive position to prevent stolen money instead of relying only on law enforcement directions.

CEO of Serkel, Jeremy Aller, defended the position of the company and rejected the allegations of neglect. He stated that the department only responds to direct requests from the authorities.

“We will share a post on how to respond immediately to law enforcement and not operate the law through our own intelligence or in the market. I do not think that the market or users benefit if a private company issues their own provisions to seize the money without requesting direct law enforcement,” Allaire Add.

However, Zachbt answered that waiting for the legal permit creates unnecessary delays, allowing infiltrators to implement their washing plans before taking action.

“The ongoing attack that affects the entire ecosystem has only minutes for a black list. You know this, then you pay the court order from the application of the law that takes several days in the best scenario of the case. Your team has fully formed this internal policy and the law is not required.”

Security expert, Taylor Monohan, chanted these concerns, describing the treatment of Surkel with these incidents as ineffective. It also indicated that the delay in the stolen blacklist increases the possibility that the assets become non -stomach.

“You have a Block menu function because you have to grow up and use it. Freeze criminal funds, create checks and balances, and create accessories that can be accessed for asylum if it becomes clear that it is bad and repair quickly. This is simple simple.” Monohn He said.

In addition, it indicated that the victims of illegal freezing often face legal battles extending to restore their money due to strict policies.

Disintegration

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