Making a silly mistake, Axie Infinity hacker froze all the money he stole, his identity was in danger of being exposed.
The hack and theft of more than $600 million in cryptocurrency on the Ronin blockchain, the foundation for the crypto game Axie Infinity, is becoming an interesting case. Not only is it one of the most damaging cyberattacks ever on the cryptocurrency market, the actions of the parties involved are equally remarkable.
Sky Mavis, the company that operates the Ronin blockchain network as well as the crypto game Axie Infinity, took almost a week to discover the hack and take the necessary actions to stop it. While usually in other attacks, the hacker’s behavior is usually detected within 1-2 days after taking place. Especially with the amount of cryptocurrency stolen amounting to more than 600 million USD in this case.
Even more bizarre is the hacker’s behavior. According to security researcher Igor Igamberdiev, the hacker of this incident performed the “silly” act of sending part of the stolen ETH to cryptocurrency exchanges including FTX, Crypto.com and Houbi, instead of exchanging them for Zcash or Tornado Cash – cryptocurrencies that help conceal identities.
Despite the ability to remain anonymous, cryptocurrency transactions are still traceable due to the identity constraints associated with digital wallets. That is also the reason for the birth of cryptocurrencies like Monero, Zcash or Tornado Cash. Therefore, these cryptocurrencies often become the choice of hackers to hide the amount of money they have stolen.
Whereas cryptocurrency exchanges, like FTX or Crypto.com above, often forcing users to authenticate eKYC (Electronic Know Your Customer) for identification. That also means that users must provide all personal information, not only phone numbers, emails but also personal papers and pictures of their faces.
That is why the hacker of the Axie Infinity money theft is considered as the dumbest hacker in history when transferring a part of his stolen money to exchanges like FTX and FTX. Crypto.com – an act similar to “bow to my grandfather in this bush”.
The transaction history shows that the hacker transferred part of the funds from the theft to other crypto exchanges
According to an update from Blockchain Intelligence Group, a company that tracks global cryptocurrency activity, the money in this historic hack has been transferred to various exchanges, including FTX exchange (1,219,98273106253 ETH). , floor Crypto.com (1 ETH) and Huobi exchange (3,750 ETH).
Most of the remaining money is in the e-wallet at: https://etherscan.io/address/0x098b716b8aaf21512996dc57eb0615e2383e2f96. But this e-wallet is also being locked to prevent hackers from withdrawing money from here and moving elsewhere.
In the announcement of Sky Mavis, the company reported the incident to law enforcement forces to find a way to recover the stolen money. In addition, the Twitter account of the Huobi exchange also said that they will “fully support Axie Infinity to overcome the consequences of the attack.” Sam Bankman-Fried, founder and CEO of exchange FTX, also said in an email that they will support legal actions for the blockchain system.
With the above blunder of the hacker, as well as the support of cryptocurrency exchanges, perhaps law enforcement forces will track down the identity of the hacker as well as give hope for the recovery. the money was stolen.
at Blogtuan.info – Source: genk.vn – Read the original article here
