Well, there's a conclusion from the researchers that shows that Ether (ETH) transfers - which cost more than $ 5 million in gas fees - are the result of hackers trying to blackmail a compromised exchange.
In the past, the cryptocurrency community has been surprised to witness three small ETH transactions but generated millions of dollars in fees.
The millions of USD ETH transaction fee is attributable to extortion
Recently, a newspaper according to Chinese media firm ChainNews reported on June 12, blockchain analysis firm PeckShield concluded that the millions of dollars fee paid by hackers is seeking to ransom from a Crypto exchange.
Reports speculate that the exchange was compromised during a phishing attack, which helped hackers control many of the platform's functioning functions, including servers.
Although restrictions from multi-signature wallets have prevented an attacker from draining the exchange's money to their wallet.
But they can make money transfers to whitelisted wallet addresses - determine the cost of gas paid for the aforementioned transactions.
Therefore, the researchers believe that these hackers are threatening to withdraw all the money from the exchange's wallet if the exchange does not pay for them, as PeakShield claims there are still 21,000 ETH in the wallet under control. hacker control.
A wallet pays $ 5 million to move 355.5 ETH in 24 hours
The first multi-million dollar transaction fee occurred on June 10, with a $ 2.6 million fee paid for transferring only 0.55 ETH. Within 24 hours, a second transfer of 350 ETH was made from the same wallet, and again costing $ 2.6 million in fees.
These strange moves have created many theories in the cryptocurrency community - who are still seeking an explanation for these huge fees, some argue that these transactions are an act. act of revenge by a former exchange employee or simply a bug in the money laundering bot.
