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Platypus Attacker Steals Cryptocurrencies and Transfers Them Across Chains

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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 Cryptocurrencies and Transfers Them Across Chains

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

Interpretation of the news:


The report reveals that the Platypus attacker has successfully stolen cryptocurrencies and transferred them across chains, causing significant losses to the affected parties. According to data from MistTrack, the attacker exchanged 10654 AVAX for 127 WETHs and then transferred them to the Ethereum network. The stolen funds are currently located at 0x5fc3… 08bfd9, where the attacker extracted 12178 BUSDs from Binance in May 2022, which implies that the attack occurred earlier than the current period.

The attack appears to have been sophisticated and well-planned, as the attacker managed to move across different networks with ease. The use of MistTrack allowed the attacker to make the exchange and transfer the funds without being detected promptly. MistTrack is a cybersecurity firm that monitors and tracks suspicious activity in the blockchain network.

It is essential to note that the attacker’s actions are not limited to the exchange and transfer of cryptocurrencies. Platybus attacker can also extract funds and steal valuable information from victims. As such, cryptocurrency users and businesses must remain vigilant and take proactive measures to protect their assets, such as securing their wallets and adopting robust security protocols.

This attack highlights the need for increased security measures in the cryptocurrency industry. As the industry grows, so does the risk of cyber threats and fraud. Therefore, it is crucial that stakeholders work together to develop robust measures that can protect users and businesses from such attacks.

In summary, the Platypus attacker’s success in stealing and transferring cryptocurrencies across chains highlights the need for increased security measures in the cryptocurrency industry. To safeguard users and businesses’ assets, it is crucial to adopt proactive cybersecurity measures and collaborate with stakeholders to develop robust security protocols.

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