Suspicions Arise as Binance-Linked Wallet Loses $27 Million, Suggesting a Possible Hack
In a surprising turn of events on November 13th, on-chain detective ZachXBT uncovered a cryptocurrency wallet that had lost $27 million. What makes this discovery even more intriguing is that the wallet in question was linked to Binance Deployer, sparking speculation about a potential hack on the Binance exchange. Specifically, the wallet address 0xa8…bcE saw a withdrawal of 27 million USDT in a single transaction. Subsequently, the entire sum was rapidly swapped for Ethereum (ETH). The ETH was then moved through various protocols, including FixedFloat and ChangeNow, before being bridged to Bitcoin via THORChain. It appears that someone successfully stole 27 million USDT in a well-orchestrated operation.
It appears someone had 27M USDT stolen yesterday.
0x0f2183c8e415e61b4ad7774bf1097019eb2d5b85798a2a229070495131d60321
USDT was quickly swapped for ETH, then transferred to a number of services (FixedFloat, ChangeNow, etc), and bridged to Bitcoin via THORChain. pic.twitter.com/SgEBwyZZSc
— ZachXBT (@zachxbt) November 12, 2023
The wallet address at the center of this incident is 0x0f2183c8e415e61b4ad7774bf1097019eb2d5b85798a2a229070495131d60321.
The stolen USDT was swiftly converted to ETH and transferred to different services such as FixedFloat and ChangeNow. The funds were then further shuffled through various protocols before ultimately being converted to Bitcoin through THORChain. However, what adds an extra layer of complexity to this situation is the apparent connection of this wallet address to the Binance exchange.
Just one week prior, this wallet address received funds from Binance. Two labeled Binance addresses, 16 and 18, conducted two transactions transferring over 27 million USDT to this wallet address. Notably, this wallet address also received funds from a wallet tagged as Binance Deployer in May 2019, according to information available on Etherscan.
As of now, there has been no official confirmation or statement from Binance regarding this issue. All information currently available is based on speculation and analysis by the on-chain detective community. It’s crucial to note that the situation is still evolving, and the cryptocurrency community is eagerly awaiting Binance’s response to clarify the nature of the transactions and whether the exchange’s security has been compromised.
Security breaches and hacking incidents are not uncommon in the world of cryptocurrency, but when a major exchange like Binance is potentially involved, it raises significant concerns among users and investors. The cryptocurrency community will be closely monitoring the situation for any updates and official statements from Binance to shed light on this mysterious $27 million heist.
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