Cripto Exchange Exchange denies Laundry charges

Crypto Exchange ECCHIN denied the allegations that it was involved in the washing of funds stolen from the bar, after a request from several sources.

EXCH denied allegations of washing from BITIBIT. The initial accusation came from BlocCchain Sleuth ZachkBT 22. February, when he was export In his investigations, a telegram group that took 35 million dollars stolen from the bag. He also noticed that 34 Etherum (El) was misrepresented in the hot wallet of other exchanges during the process.

Alignment with the requirements of the ZACHKBT, Nick Baks of Safety estimated Taja grew about $ 30 million transactions related to North Korea that day.

Similarly, the Safety Company Slovmist listed that a significant part of the Eitar has already been converted to Bitcoin, Monero and other creeps through the EXCH.

In response, EXCH rejected Charges in his statement 23. February at Bitcointlk Forum. However, it is admit To process a small part of the stolen property, which described as a “isolated incident”. According to the ECC, the address (…) 1123 received these funds, but no other eTHereum Blocchain addresses, in addition to deposit addresses, was connected to their platform. It is also said that the fees produced from these transactions will be donated to public benefit.

Bibit actively works with blocks forensic experts to find stolen funds. Also offered 10% of the back amount as prize to help in the download process.

Theft Bibite is credited with Lazarus Group North Korea, which tribune Over $ 200 million in the stolen crypt of 2020. and 2023. years.

Toward EllipticalAnalytics and compliance with the blockade, Lazarus Group Follow the characteristic sample when washing stolen funds.

In particular, replacing stolen tokens for parent block assets such as to prevent the token publishers to freeze. In the case of hacks from a bag, stolen tokens were almost immediately replaced for ETH through decentralized exchanges.

The group was then dimmed by the history of the transaction scattering funds in several banknotes, moving property between the blocks and using mixing services such as cash tornado. Within two hours of attack, the stolen funds were distributed in 50 wallets, and each contains about 10,000 ETE. By 23. February, it was estimated that 10% of the stolen property is valued at $ 140 million – already moved.

Toward EllipticalThe stolen ET was now converted to BTC, a step that precedes further cladding through mixers. However, the large volume of property can complicate this process, Elliptić explained.