A recent report from blockchain analysts suggests that the attacker responsible for draining $81.5 million from the Orbit bridge may have been involved in several other crypto cyberattacks in 2023. The report claims that the same criminal group may have targeted Coinspaid, Coinex, and Atomic Wallet using similar tools and patterns.
The analysts attempted to trace the attacker’s activity on the blockchain and discovered that their account was pre-seeded with gas funds from other accounts that had withdrawn them from Tornado Cash. This tactic is commonly used by cybercriminals to hide the source of their funds.
Through specialized software and de-mixing activities, the analysts were able to potentially reveal the source of these funds. They found a group of addresses, one of which used the SWFT protocol to transfer funds to other addresses. Some of these funds were sent through SWFT and ended up in a Tron wallet before being cashed out through an exchange.
The report suggests that the SWFT protocol was also used in other attacks, including those against DFX Finance, Deribit, and AscendEX. Additionally, common elements such as the use of Avalanche Bridge and Sinbad tie the Orbit attack to these earlier incidents.
Furthermore, the report claims that similar techniques were used in the 2023 Atomic wallet and CoinsPaid hacks, indicating a potential connection between these attacks and the recent Orbit Bridge attack. The CoinEx hack has also been attributed to the Lazarus group.
The U.S. Federal Bureau of Investigation has identified the Lazarus group as the perpetrators of the 2023 Atomic Wallet and Coinspaid hacks based on behavioral analysis derived from blockchain data.
The Orbit Bridge attack, which occurred on New Year’s Eve, was the last major Web3 protocol exploit of 2023.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | None |
| Companies | Coinspaid, Lazarus, Match Systems, Coinex, Atomic Wallet |
| Currencies | Tornado Cash, TRON, cis (commonwealth of independent states) |
| Securities | None |
