Press Enter to search · ESC to close

Crypto DeFi

Ledger CryptoBillis Hack: $72.9M Still in Attacker-Controlled Addresses

About $72.9 million stolen in the Ledger CryptoBillis attack remains in addresses controlled by the attacker, held in bitcoin, ether and USDT. A further $3.1 million has moved into Tornado Cash, while the rest of the funds have been bridged, swapped or layered through relayers.

Original source

AI take

The concentration of stolen funds in attacker-controlled wallets, rather than immediate full laundering, suggests a deliberate holding pattern that keeps the assets traceable yet unspent. The partial Tornado Cash transfers show a preference for mixing only what is needed to fund operations, leaving the bulk exposed to chain analytics. For counterparties and exchanges, the practical risk is tainted-asset exposure if those balances ever move. Whether the remaining holdings stay dormant or are gradually layered out is the open question.

Generated by AI for reference only.

Share

Related News

TREE NEWS share card
Long-press image above → Save to Photos / Share
Pitch us Feedback