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Hackers behind the theft of 1,400 BTC from an Electrum wallet would have a Binance account

September 1, 2020

August 30th A Github user reported the loss of 1,400 Bitcoin (BTC) via an elaborate hack that affected his Electrum wallet. A chain analysis indicates this The hackers had a Binance account and some of the transactions used to move the stolen coins may have come from St. Petersburg, Russia. However, it is important to note that chain research conclusions are generally probabilistic rather than deterministic.

Chain analysis of the hack. Source: Cointelegraph, Crystal Blockchain.

Even so, There is no clarity as to how the attack was carried outhe Electrum software is considered safe when configured correctly. The plaintiff said the attack came after he “flipped” his wallet for the first time since 2017.. It is said that when you install a software update All of your credit has been transferred to an unknown address.

Hackers behind the theft of 1,400 BTC from an Electrum wallet would have a Binance accountHackers behind the theft of 1,400 BTC from an Electrum wallet would have a Binance account

The scammer’s address had a 5 BTC withdrawal from Binancethat took place in January 2018. The corresponding transaction number is assigned to more than 75 different addressesAccording to a Binance representative and not a specific user of the exchange. The CEO of the company, Changpeng Zhao, tweeted yesterday and said that Binance has blacklisted the affected addresses:

After gaining control of 1,400+ BTC, Criminals began to move, handing out the coins in smaller purses. In some cases, the Bitcoin node that processed these transactions came from St. Petersburg, Russia, although it is possible that the thieves used a VPN to hide their true location.

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