>Those behind Bancor’s security breach last year have recently started moving their stolen ether after months of inactivity, seemingly to popular cryptocurrency exchange Huobi. The move may have seen them liquidate the stolen funds.
According to Elizabeth Yeung, a cybersecurity researcher with the Sentinel Protocol, the Uppsala Security Operations Team picked up on the move and analyzed blockchain data to reach its conclusion.
It started off with the “Bancor Hack” address annotated on Etherscan, which initially received the roughly $12.5 million worth of ETH stolen from the decentralized exchange. Following its trail, the team found that nearly all of the ether was moved to an address that then split the funds through various transactions.
It's gonna take an order of magnitude more than 25000 coins to crash Ethereum. Still, I'd set some low buys just in case.
Joseph Miller
And huobi's gonna just let them get away with this? Not good pr even if you are a scam chink exchange.
Jason Cruz
Won't huobi just block them? Surely every exchange has systems in place to mark stolen eth? Especially with transactions it's as easy as marking the next receiver of the eth.
Camden Hall
Maybe Huobi got paid off.
Camden Cook
25k ETH??? Two days worth of mining block rewards suddenly released onto the market within one day???? wtf??? this is going to tank the market!!
If an exchange wouldn't let hackers sell "stolen" funds I would trust them less. Slave mentality not welcome in crypto. Go use jew money
Benjamin Rivera
It seems that EOS and the 50 other ETH killers are really going to simultaneously take over ETH today. FUCKfuckfuckfuckf... deep down everyone knew this day would come. I didn't think it would come today.
