YEREVAN (CoinChapter.com) — Three years after the Pancake Bunny flash mortgage assault, the hacker has moved $3 million in Ether via Twister Money. This occurred on July 7, 2024, catching the eye of the crypto group.
Pancake Bunny Hack: Losses and Transformation into DAO
Pancake Bunny, a decentralized finance (DeFi) protocol on the BNB Good Chain, was hacked in Could 2021. The assault resulted within the lack of 697,000 BUNNY tokens and 114,000 BNB.
This triggered a 95% crash within the worth of BUNNY tokens.
Regardless of efforts, Pancake Bunny couldn’t retrieve the stolen funds. The protocol ultimately dissolved and remodeled right into a decentralized autonomous group (DAO).
Hacker Strikes $3M in ETH By means of Twister Money After Three Years
The hacker transferred 1,002 Ether (roughly $3 million) to Twister Money, a privateness protocol used to obscure the origin of funds. CertiK, a blockchain safety agency, confirmed these particulars.
The hacker’s handle had been inactive for 3 years. The sudden motion of funds signifies a deliberate effort to keep away from detection.
The hacker nonetheless controls $11.4 million in Dai, exhibiting the size of the unique theft.
CertiK Enhances Safety with Alibaba Cloud Migration
CertiK, a number one security-focused rating platform, has been energetic in selling preventive measures towards additional protocol hacks just like the Pancake Bunny hack in 2021. Lately, CertiK migrated its suite of 12 blockchain purposes in Asia to Alibaba Cloud. This goals to offer safe blockchain improvement and deployment, utilizing Alibaba Cloud’s computing, storage, and distribution assets throughout peak hours.
Ronghui Gu, co-founder of CertiK, mentioned,
“For over five years, we have believed in the power of blockchain technology. We look forward to empowering developers with secure blockchain development and deployment through Alibaba Cloud’s platform.”
CertiK Accused of Extortion in Kraken Vulnerability Probe
CertiK lately recognized itself because the “security researcher” concerned in a controversial investigation with cryptocurrency change Kraken.
Kraken’s chief safety officer, Nicholas Percoco, accused CertiK of “extortion.” In accordance with Percoco, CertiK refused to return $3 million price of digital property except Kraken agreed to a speculated quantity for the bug disclosure.