- A hacker who hacked Uranium Finance moved 2.5 million BUSD to the Ethereum network.
- He exchanged them for 812 ETH and approximately $505,000 in other stablecoins.
- Previously, the alleged hacker had already withdrawn assets through the Tornado Cash cryptocurrency mixer.
A wallet linked to the Uranium Finance protocol hack moved 2.5 million BUSD stablecoins from the BNB network to Ethereum. The transaction was reported by specialists from the PeckShield Alert analytical platform.
According to experts, the owner of the wallet used the Li.Fi protocol to transfer funds. The transaction involved the conversion of assets into 812 ETH, as well as approximately $505,000 into USDT and USDC stablecoins.
Note that in March 2023, the alleged hacker sent 2250 ETH from the wallet to the Tornado Cash cryptocurrency mixer. He made several transactions ranging from 1 to 100 ETH after 647 days of inactivity, they said. PeckShield Alert.
The Uranium Finance protocol was hacked in April 2021. As a result of the exploit, he lost about $50 million. The hacker took advantage of a vulnerability that arose when sending assets to a new fork of the project.
It is likely that Uranium Finance was never able to recover from the hack. The last post on X (formerly Twitter) was dated April 30, 2021. In it, the team urged users to withdraw assets from liquidity pools:
Let us recall that in November 2023, the decentralized exchange KyberSwap lost over $40 million as a result of a hacker attack. The attacker involved in the hack threatened to postpone negotiations on the return of funds, and then demanded complete control over the project.