Poloniex Hacker Transfers Cash to Twister Money for the First Time

• The Poloniex hacker moved 1,100 ETH to Twister Money, as per PeckShield.
• WuBlockchain confirmed that that is the primary time the funds have been moved.
• Poloniex was hacked in November of final yr for $100 million.

A hacker concerned in final yr’s huge hack of Poloniex crypto change has reportedly transferred 1,100 Ethereum (ETH), valued at roughly $3.4 million, to the U.S.-sanctioned cryptocurrency mixer Twister Money in an try and launder the stolen funds. 

The motion of funds got here to gentle following the on-chain knowledge evaluation performed by safety agency PeckShield. Notably, WuBlockchain additionally broke the information, confirming that that is the primary time the hacker has transferred the funds to Twister Money to launder the cash.

Poloniex, a significant cryptocurrency change, fell sufferer to a considerable hack in November final yr, ensuing within the lack of $100 million from one among its scorching wallets. Mixing companies like Twister Money are sometimes utilized by cybercriminals to obscure the path of stolen cryptocurrency, making it tougher for regulation enforcement businesses to trace illicit transactions.

This assault on Poloniex is broadly attributed to the North Korean Lazarus Group, a infamous state-sponsored hacking group identified for its involvement in varied high-profile cyberattacks. 

In an uncommon transfer, Poloniex supplied the hacker a 5% bounty, amounting to round $5 million, to return the remaining 95% of the stolen funds. Nevertheless, this try to barter with the hacker seems to have been unsuccessful, as evidenced by the current switch of ETH to Twister Money.

Poloniex has been a centralized change since its inception in 2014 and was later acquired by Tron founder Justin Solar in 2019. Notably, the hack dealt a big blow to the change’s popularity and safety measures.