ReportedamountStatement 388
CertiK engineer Dickson Wu traced $500 million in USDT that was sent to one address, with $325 million sold to market makers for ETH by 20:59 UTC, less than an hour after the hack began.
Cointelegraph reported that CertiK engineer Dickson Wu traced $500 million in USDT that was sent to one address, with $325 million sold to market makers for ETH by 20:59 UTC, less than an hour after the hack began.
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ReportedrecoveryStatement 405
Cointelegraph reported that frozen funds do not necessarily equal recovered funds, because freezing stops attackers spending them but does not automatically return them to Binance or its users.
frozen funds don’t necessarily equate to recovered funds. Immobilizing assets prevents the suspected attackers from spending them, but it doesn’t automatically return them to Binance or its users.
ReportedotherStatement 394
The speaker said USDT is real money backed by dollars and that the position is criminal but overcollateralized in the eyes of the protocol.
“USDT is real money backed by dollars, and the position is criminal but overcollateralized in the eyes of the protocol.”
ReportedfreezeStatement 395
Elliptic estimated that $2.84 billion had been frozen by 7:00 am UTC on Friday, while the attackers still controlled around $3.33 billion in assets that issuers could not immobilize.
Elliptic estimated that $2.84 billion had been frozen by 7:00 am UTC on Friday, while the attackers still controlled around $3.33 billion in assets that issuers could not immobilize.
ReportedfreezeStatement 393
LlamaRisk reported that the attacker’s position on Aave held around $59.9 million in USDT collateral against $43.8 million in debt, and Aave stated the position remained overcollateralized.
LlamaRisk, an Aave risk service provider, said in its 1:00 am update that the attacker’s position subsequently held around $59.9 million in USDT collateral against $43.8 million in debt. Aave said the position remained overcollateralized and did not put protocol suppliers at risk.
ReportedattributionStatement 387
The article states that the attack, described as the largest in crypto history, began at 8:04 pm UTC on Thursday and that the perpetrators were linked to North Korean hackers.
The attack, the largest in crypto history, began at 8:04 pm UTC Thursday and the perpetrators, linked to the same North Korean hackers behind last month’s Bitget hack, immediately began converting assets.