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Hackers Behind AscendEX Breach Move $1.5M Ether to Uniswap
Security research firm PeckShield points to on-chain data that shows 516 ether is on the move
Funds stolen during December’s hack of AscendEX have begun moving to decentralized exchange Uniswap, according to on-chain data first spotted by security research house PeckShield.
- In December, hackers stole $77 million from AscendEX, mostly in ether, Binance Smart Chain's token and MATIC.
- So far 516 ether (ETH), worth around $1.5 million, have been sent to Uniswap.
- Until recently, the funds have stayed largely dormant, before beginning to move early Friday morning U.S. time.
- While many high-profile hacks have seen the funds being sent through a mixer protocol like Tornado Cash, sending the tokens to Uniswap would largely have the same effect.
- Uniswap doesn’t have a know-your-customer mechanism, thus tokens that go in would be mixed around with other tokens making them “clean” to the outside observer.
Sam Reynolds
Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage of FTX's collapse. Prior to CoinDesk, he was a reporter with Blockworks and a semiconductor analyst with IDC.
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