Hacking – On the trail of the $ 5.4 million stolen from Eterbase

Tracking – On Tuesday, September 8, Slovak exchange platform Eterbase had more than $ 5 million worth of crypto-assets stuck on its hot wallets . Cryptocurrencies stolen have since been closely tracked, and it turns out that much of it has been subject to a sell-off attempt on leading crypto exchanges, including Binance and Huobi.

The heist of the century ends in a dead end?

In an update on the aftermath of the hack last week, the Eterbase teams explained that they had received help from Uppsala Security and Bitcoin Evolution, two companies specializing in cybersecurity and monitoring transactions on blockchains.

The ethers (ETH) and various tokens ERC20 of Ethereum (including LINK ) represent the majority of stolen crypto, nearly 4 million .

The rest of the theft is made up of Tezos ($ 470,000 from XTZ), Algorand ($ 406,000 from ALGO), Ripple ($ 339,000 from XRP) and $ 115,000 from bitcoin (BTC). The total is close to $ 5.4 million .

Obviously, a fair amount of these digital currencies appear to have moved to three other exchange platforms: Binance , Huobi, and HitBTC .

Centralized crypto exchanges block stolen funds

Robert Auxt , CEO of Eterbase, explains that:

“The good news is that the majority of stolen assets landed in wallets managed by the largest CEXs (centralized exchanges) (…), which cooperate closely with us. It is very likely that we will be able to recover a significant part of the stolen assets ”.

Binance CEO Changpeng Zhao effectively and quickly confirmed that his teams were dealing with the matter, assuring Eterbase that „we will do all we can to help you . “

In addition, Eterbase announces that it has filed a criminal complaint with the National Agency for Criminal Affairs in Bratislava (Slovakia). The exchange platform teams also hope to be able to reopen it as soon as possible .

The majority of blockchains have a ledger with transparent transactions. This makes it easy to follow transactions, and see when they land in known wallet addresses (such as those on crypto exchanges). The hardest thing for hackers is not necessarily to commit their theft, but to be able to dispose of it afterwards.