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    Home»Markets»Hacker Steals $29,000,000 Price of SUI From Unsuspecting Sufferer: On-Chain Investigation – The Every day Hodl
    Hacker Steals ,000,000 Price of SUI From Unsuspecting Sufferer: On-Chain Investigation – The Every day Hodl
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    Hacker Steals $29,000,000 Price of SUI From Unsuspecting Sufferer: On-Chain Investigation – The Every day Hodl

    By Crypto EditorJanuary 28, 2025No Comments2 Mins Read
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    A latest on-chain investigation signifies a hacker plundered $29 million price of the Solana (SOL) rival Sui (SUI) from a single sufferer final month.

    The on-chain sleuth ZachXBT uncovered the hack, which he notes occurred on December twelfth.

    “The stolen funds had been bridged from Sui to Ethereum by way of Bridgers after which deposited to Twister Money in batches…

    The sufferer transferred their .sui domains to a brand new uncompromised handle shortly after the theft. Present limitations with Sui block explorers and Sui analytics instruments make the theft troublesome to hint.”

    Twister Money is an Ethereum (ETH)-based coin mixing system that helps customers conceal their digital property. The US sanctioned the controversial mission in 2022 for nationwide safety functions.

    Losses from crypto hacks and scams surged in 2024, in accordance with the blockchain safety agency PeckShield.

    The agency mentioned earlier this month that the full worth loss within the crypto sector final yr exceeded $3.01 billion, a 15% improve from the 2023 whole.

    That quantity included $2.15 billion stolen in hacks and $834.5 million looted in scams. PeckShield additionally famous that $488.5 million price of crypto was recovered.

    Regardless of the surge in digital asset losses final yr, 2024 nonetheless wasn’t as prolific as 2022, which clocked $3.6 billion price of worth loss throughout the sector.

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    Hacker Steals $29,000,000 Price of SUI From Unsuspecting Sufferer: On-Chain Investigation – The Every day Hodl

    Disclaimer: Opinions expressed at The Every day Hodl will not be funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any losses chances are you’ll incur are your accountability. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please observe that The Every day Hodl participates in affiliate internet marketing.

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