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- Bitrue Drainer has unloaded 4,207 ETH for $16.34 million within the DAI stablecoin.
- The transaction follows the Bitrue safety breach in April 2023, when $23.5 million was stolen.
- The hacker nonetheless holds ETH, SHIB, and HOT tokens price over $24 million.
The crypto surveillance platform Lookonchain has revealed alarming developments concerning the notorious Bitrue Drainer-labeled deal with. In keeping with the disclosure, the identical hacker answerable for a staggering $23.5 million heist on Bitrue Trade final 12 months has resurfaced with a hefty crypto sale.
Particularly, Lookonchain famous that the Bitrue Drainer unloaded 4,207 ETH for $16.34 million denominated within the DAI stablecoin. The hacker executed the transaction inside the final 24 hours, dumping the ETH at $3,885 a pop.
Notably, this transaction adopted the Bitrue safety breach on April 14, 2023, by which the unhealthy actor bought away with thousands and thousands in digital property. Lookonchain highlighted that the hacker stole 137,000 Quant (QNT), 46.4 million Gala (GALA), 172.55 billion Shiba Inu (SHIB), 756 million Holo (HOT), 318 ETH, and 310,051 Polygon (MATIC).
Moreover, Lookonchain identified that the Bitrue Drainer bought 137,000 QNT for $14.74 million Ethereum following the incident, which brought about QNT’s worth to tank by over 9% inside hours. On the identical day, the hacker liquidated 46.4 million GALA for $1.86 million, 22.55 billion SHIB for $236K, and 310,071 MATIC for $343K.
Whereas these tokens had been transformed to ETH, the hack left some property untouched. Presently, the Bitrue Drainer’s holdings stand at 4,650 Ethereum, 150 billion SHIB, and 756 million HOT, price $17.68 million, $4.7 million, and $2.9 million, respectively
On the time of the heist, these stolen tokens had been price about $23.5 million. Nonetheless, contemplating the latest beneficial properties within the crypto market, the worth has greater than doubled. To place it otherwise, the hacker nonetheless has in retailer a financial worth that exceeds the preliminary stolen funds, regardless of all previous gross sales.
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