DeFi News Official TheBitTimes.com

Blockchain analytics firm Elliptic has released new findings that suggest a Russian-linked entity may be behind the high-profile hack of cryptocurrency exchange FTX. The revelation comes as part of an ongoing investigation into the theft of a staggering $477 million in various cryptocurrencies from the exchange. Funds moved during SBF’s court appearance Elliptic’s report highlights a key moment that casts doubt on initial suspicions that FTX founder Sam Bankman-Fried could be involved in the theft. According to the firm, $15 million of the stolen assets were moved on Oct. 4, 2023, at 3:41 p.m. EST. At that time, Bankman-Fried was reportedly in a Manhattan courtroom without internet access, making it unlikely that he was responsible for the transaction. Since the hack, a significant portion of the stolen funds has been converted to Bitcoin (BTC) and funneled through ChipMixer, a now-defunct privacy mixer. Elliptic’s Analysis shows that these assets were often m...

HTX, formerly Huobi, recovered 4,999 ETH stole n by hackers, setting a rare precedent in the centralized cryptocurrency exchange world. On Sept. 24, HTX’s hot wallet suffered a cyberattack that saw 5,000 ETH, equivalent to $8 million, stolen by hackers. The exchange swiftly identified the culprits and initiated a daring move by requesting the stolen funds’ return. As an incentive for the hacker’s cooperation, HTX offered a 5% “white hat” bonus, set to expire on Oct. 2. Remarkably, the hacker chose to heed the ethics call and returned 4,999 ETH to HTX, retaining just 1 Ether from their original ill-gotten gains. While cryptocurrency hacks are distressingly common, the return of stolen funds remains a rarity, highlighting the effectiveness of HTX’s identification efforts. According to lookonchain, HTX (formerly Huobi) hackers have just returned 4,999 ETH of stolen funds. On September 24, the HTX hot wallet was attacked and 5,000 ETH was hacked. HTX...