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Platypus Attacker Steals AVAX and Transfers to Ethereum Network

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According to the report, according to the data of MistTrack in Slow Fog, the Platypus attacker exchanged 10654 AVAX for 127 WETHs and then transferred them to …

Platypus Attacker Steals AVAX and Transfers to Ethereum Network

According to the report, according to the data of MistTrack in Slow Fog, the Platypus attacker exchanged 10654 AVAX for 127 WETHs and then transferred them to the Ethereum network across the chain. At present, the stolen funds are located at 0x5fc3… 08bfd9, which extracted 12178 BUSDs from Binance in May 2022.

Platypus attackers exchanged 10654 AVAX for 127 WETHs and transferred them to the Ethereum network

Analysis based on this information:


A recent report has revealed that the Platypus attacker, a notorious individual or group who has been known for stealing from various cryptocurrency exchanges, has exchanged 10654 AVAX for 127 WETHs, which were then transferred to the Ethereum network. The data used in the report was gathered by MistTrack, a blockchain analytics firm that specializes in detecting suspicious activities in the cryptocurrency market.

The stolen funds from the latest attack are believed to be located at a specific address, which was identified as 0x5fc3… 08bfd9. The address reportedly extracted 12178 BUSDs (Binance USD), a stablecoin pegged to the US dollar, from Binance in May 2022. This indicates that the attacker may be planning to cash out their ill-gotten gains soon, possibly by converting the BUSDs to fiat currency or other cryptocurrencies.

The use of MistTrack’s data highlights the growing need for better security measures in the cryptocurrency market, as more malicious actors continue to exploit vulnerabilities in exchanges and other platforms. This particular attack is notable for its use of cross-chain transactions, which enabled the attacker to move funds from one blockchain to another without leaving a clear trail. This technique is becoming increasingly popular among cybercriminals, as it allows them to evade detection and avoid being identified.

The report also sheds light on the ongoing challenges faced by law enforcement agencies and regulators in combating cryptocurrency-related crimes. Despite efforts to crack down on illegal activities in the market, such as money laundering and terrorism financing, the decentralized nature of blockchain and the anonymity it provides to users make it difficult to track down suspects and recover stolen assets.

In conclusion, the Platypus attacker’s latest heist serves as a warning to cryptocurrency investors and traders to remain vigilant and adopt best practices in securing their digital assets. It also highlights the urgent need for greater regulation and oversight in the industry, to prevent similar incidents from happening in the future.

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