$14.1 Million in Cryptocurrency Stolen from Rain Exchange as Suspected by ZachXBT Two Weeks Ago
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The Rain cryptocurrency exchange suffered a probable security breach on April 29, with nearly $14.1 million in various cryptocurrencies being transferred under questionable activities to a new wallet as reported on May 13 by blockchain investigator ZachXBT.
ZachXBT relayed the details via Telegram, identifying suspicious movements from Rain’s Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP reserves, which were promptly routed to instant exchanges, converted into Bitcoin and Ethereum, and then funneled to separate Bitcoin and Ethereum addresses.
ZachXBT Identifies Dubious Activities in Rain Exchange After April 29 Security Breach
The Ethereum address in question, ends in “6c28,” contains about 1,881 ETH, equal to $5.5 million. The Bitcoin address ending in “prp2” is holding 137.9 BTC, some $8.6 million in value.
Claims by ZachXBT: Lazarus Group’s Alleged Money Laundering of Crypto
1/ How Lazarus Group laundered $200M from 25+ crypto hacks to fiat from 2020 – 2023https://t.co/s8zNFwlamb
— ZachXBT (@zachxbt) April 29, 2024
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#Rain #Exchange #Exploited #Million #Crypto #weeks #ZachXBT
