Blockchain researcher ZachXBT has revealed that approximately $21 million worth of cryptocurrency was suspiciously transferred from wallets believed to belong to SBI Crypto.
It was stated that the funds were transferred to different addresses via Bitcoin, Ethereum, Litecoin, Dogecoin and Bitcoin Cash, and then deposited into Tornado Cash through five instant exchanges.
ZachXBT stated that the transfers showed signs of similarity to attacks previously linked to North Korean hacker groups, raising the possibility that the incident was carried out by North Korean-linked hackers.
SBI Crypto, a subsidiary of Japan's publicly traded SBI Group and the country's largest cryptocurrency company, has reportedly not made a public statement regarding the incident.
The hacker groups seem to want the hacking incident to not be at a level that would cause a significant drop in the price of the assets in question.
*This is not investment advice.
