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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 September 12, 2023 1:07 PM
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Last updated: December 6, 2024 8:27 PM
Published September 12, 2023 1:07 PM

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 - Crypto Research Analyst at The Crypto Times
By Gopal Solanky Sr. Crypto Journalist
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Gopal Solanky is a Research Analyst and Reporter with over 5 years of experience in DeFi, blockchain, crypto, IT, and financial markets. With a Bachelor's in Computer Applications, he brings a strong technical foundation to his analysis and reporting. Gopal focuses on breaking down complex topics for both seasoned investors and curious readers. His work has been referenced by publications like Business Insider and Vulture.com, highlighting his contributions to industry stories around topics like Huwak Tuah Memecoin and the FTX collapse.

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