$238M Bitcoin Stolen In Latest Crypto Hack

A recent massive crypto hack has shaken the community, resulting in the theft of $238 million worth of Bitcoin. The alarming news was first brought to light by the renowned crypto sleuth ZachXBT, who shared details of the suspicious transfer on X (formerly Twitter).

Bitcoin (BTC) worth $238 million was stolen in the latest crypto hack, as revealed by crypto sleuth ZachXBT. The stolen funds were swiftly moved across multiple platforms, including ThorChain, eXch, KuCoin, ChangeNow, Railgun, and Avalanche Bridge, according to the transaction hash (4b277…).

Crypto sleuth ZachXBT first reported the news on X (formerly Twitter), highlighting the suspicious transfer of 4,064 BTC from the victim's wallet. The large transaction immediately sparked concerns within the community, leading to speculation about the involvement of the Lazarus Group.

However, ZachXBT dismissed these notions, stating, “Not this time I think (behavior is a bit different).” The crypto community has been closely following the trail of the stolen funds, with البعض suggesting that the footprints match those of the North Korean hacking group.

Recently, crypto scams and hacks have become increasingly prevalent, with losses surpassing $1.5 billion in the first half of 2024 alone. This marks a significant 293% increase compared to the same period in 2023, when total losses reached $480 million, according to data from Peck Shield Alert.

The Pump Fun scam also resulted in substantial losses, amounting to nearly $30 million. These large-scale scams and hacks have posed a major challenge for the crypto industry, particularly in the first half of 2024.

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