A crypto thief who recently stole 342,000 Ethereum (ETH) from the South Korean cryptocurrency exchange Upbit is moving the funds around at a rapid rate.
In the last 24 hours, whale watchers have spotted eight separate transactions shuffling around various amounts of the stolen crypto.
According to Whale Alert, some of the ETH was sent to the decentralized exchange Tokenlon, where it was traded for VEOS, a token pegged to EOS.
Here’s a look at all of the movements in the last day, which are likely part of a broader attempt to sell the assets for cash.
- 5,005 ETH worth $721,584 of stolen funds transferred to unknown wallet
- 5,005 ETH worth $717,092 of stolen funds transferred to unknown wallet
- 100 ETH worth $14,476 of stolen funds transferred to unknown wallet
- 500 ETH worth $72,823 of stolen funds transferred to unknown wallet
- 1,000 ETH worth $144,958 of stolen funds transferred to unknown wallet
- 1,000 ETH worth $144,829 of stolen funds transferred to unknown wallet
- 1,000 ETH worth $144,871 of stolen funds transferred to unknown wallet
- 1,500 ETH worth $217,421 of stolen funds transferred to unknown wallet
Meanwhile, some of the biggest Bitcoin holders on the LEDGER are moving around large quantities of BTC.
In total, 6,916 BTC worth $49.8 million has moved across the ledger in seven sizable transactions. Four of the transfers in the last 24 hours involved cryptocurrency moving from unknown wallets to crypto exchanges, where it could potentially be sold for cash or other crypto assets.
- 804 BTC worth $5.8 million transferred from unknown wallet to Coinbase
- 748 BTC worth $5.4 million transferred from unknown wallet to Binance
- 794 BTC worth $5.7 million transferred from Huobi to unknown wallet
- 1,500 BTC worth $10.9 million transferred from BINANCE to unknown wallet
- 1,370 BTC worth $9.8 million transferred from unknown wallet to Binance
- 1,000 BTC worth $7.2 million transferred from Binance to unknown wallet
- 700 BTC worth $5.0 million transferred from unknown wallet to Binance
On Friday, in a separate incident that’s being called an “inside job”, VeChain Foundation reported that 1.1 billion VET tokens were being tracked after an alleged security breach by a member of the company’s finance team.
