A latest on-chain investigation signifies a hacker plundered $29 million price of the Solana (SOL) rival Sui (SUI) from a single sufferer final month.
The on-chain sleuth ZachXBT uncovered the hack, which he notes occurred on December twelfth.
“The stolen funds have been bridged from Sui to Ethereum by way of Bridgers after which deposited to Twister Money in batches…
The sufferer transferred their .sui domains to a brand new uncompromised handle shortly after the theft. Present limitations with Sui block explorers and Sui analytics instruments make the theft troublesome to hint.”
Twister Money is an Ethereum (ETH)-based coin mixing system that helps customers conceal their digital property. The US sanctioned the controversial venture in 2022 for nationwide safety functions.
Losses from crypto hacks and scams surged in 2024, in response to the blockchain safety agency PeckShield.
The agency said earlier this month that the overall worth loss within the crypto sector final yr exceeded $3.01 billion, a 15% enhance from the 2023 complete.
That quantity included $2.15 billion stolen in hacks and $834.5 million looted in scams. PeckShield additionally famous that $488.5 million price of crypto was recovered.
Regardless of the surge in digital asset losses final yr, 2024 nonetheless wasn’t as prolific as 2022, which clocked $3.6 billion price of worth loss throughout the sector.
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