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Market News

Stake Hacker Moves $328k of MATIC & BNB From $41M Stolen Funds

With this latest transaction, the hacker has moved $4.8 million, while the remaining $36 million is still split between ETH, BNB, and MATIC in the same addresses.

Written By:
Gopal Solanky

Last updated: December 6, 2024 8:27 PM
Published 2023-09-12
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Last updated: December 6, 2024 8:27 PM
Published 2023-09-12

The hacker behind last week’s $41 million Stake theft has transferred another $328k of MATIC and BNB tokens in their latest move on September 11.

The hack was executed last week with the hacker gaining access to hot wallets and successfully stealing $41 million from Stake. While it was among the biggest hacks in the crypto ecosystem, the event also received attention from the FBI with it accusing North Korea’s Lazarus Group for the hack.

Blockchain security firm, Certik reports that the Stake hacker moved 520k MATIC and 300 BNB tokens – combined total of approximately $328k – to an externally owned address and further it bridged to Avalanche. 

#CertiKSkynetAlert 🚨

We are seeing a further movement of funds from the Stake exploiter.

520k MATIC was swapped and bridged to Avalanche before being bridged to BTC as per other fund movements from the exploiter.

See more on Skynet 👇https://t.co/Sdsfh29AoF

— CertiK Alert (@CertiKAlert) September 11, 2023

These funds adds to the $4.5 million of previously moved assets that were bridged to Bitcoin on September 7, claims the blockchain intelligence firm Arkham.

With this latest transaction, the hacker has moved $4.8 million, while the remaining $36 million is still split between ETH, BNB, and MATIC in the same addresses.

Also read: Bonkler Developer Siphons $1M USD In Remilia’s Generated Fees

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Gopal Solanky, Senior Reporter for Markets and Protocols at The Crypto Times
By Gopal Solanky Sr. Crypto Journalist
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Gopal Solanky is a Senior Reporter, Markets & Protocols at The Crypto Times, based in Ahmedabad. He covers institutional crypto adoption, Bitcoin treasury strategies, DeFi markets, protocol ecosystems, Ethereum network activity, Hyperliquid, on-chain trends, and broader digital asset market movements. Gopal has been active in the crypto ecosystem for more than six years. Before joining The Crypto Times full-time in 2023, he worked as a freelance crypto content writer, developing a strong understanding of blockchain infrastructure, DeFi protocols, market cycles, token mechanics, and peer-to-peer systems. His reporting focuses on explaining how protocols work, why market movements happen, and how institutional and on-chain activity affects crypto investors and builders. At The Crypto Times, Gopal regularly writes market analysis, protocol explainers, breaking news, and technical breakdowns across Bitcoin, Ethereum, DeFi, altcoins, treasury companies, and Web3 infrastructure. He also conducts on-the-record interviews with regional Web3 founders, protocol teams, and ecosystem leaders. His work has been cited by external publications, including Vulture.com, in coverage of major crypto stories such as the Hawk Tuah memecoin controversy. His reporting has also contributed to The Crypto Times’ coverage of major industry events, including FTX-related developments, institutional crypto adoption, and emerging protocol narratives. Gopal holds a Bachelor’s degree in Computer Applications, giving him a technical foundation for analyzing blockchain systems, crypto infrastructure, and market data.

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