$238 Million Bitcoin Heist Uncovered: Suspected Theft Linked to Genesis Global Trading

Quick Summary:

Whale Alert, the blockchain tracking service, identified the transfer, which was then studied by the widespread on-chain sleuth ZachXBT.

They follow a very snag strategy of disbursement of the funds hence making it hard to trace the stolen wealth.

Funds were quickly transferred to ThorChain, eXch, Kucoin, ChangeNow, Railgun, Avalanche Bridge.

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Article Details

Author / Journalist: Sohrab Khawas

Category: Crypto

Markets: United States

Topics: Hack News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-20 @ 07:29:25 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 288 words

Reading Time: 2 minutes read

Sentences: 32 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 22169495

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 16 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #112

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