According to the information shared by online detective ZachXBT, a wallet address was stolen 27 million USDT yesterday. Within 8 minutes of the attack, the receiver transferred the 27 million USDT to 10 different newly generated addresses.
After receiving the USDT, these addresses quickly converted all the stolen funds into ETH and transferred them to mixing platforms such as FixedFloat and ChangeNow to conceal the money flow, or exchanged them for BTC through Thorchain and transferred them to the Bitcoin network.
Furthermore, according to the analysis of the security company Palisade, some of the funds also flowed into exchanges such as OKX, WhiteBit, Binance, Kucoin, and HitBTC.
It is worth mentioning that the 27 million USDT of the victim was withdrawn from Binance Exchange approximately 7 days ago, and ZachXBT discovered that part of the ETH from tracing the victim’s wallet address actually came from Binance Deployer. This seems to indicate that the victim address “might be” a related wallet within Binance Exchange or a hot wallet.
It is currently not possible to confirm the actual relationship between the victim wallet address and Binance, and as of now, Binance has not responded to this incident.