Following the Poly Network attack, thieves were able to exchange stolen goods worth over $4.39 million on a number of cryptocurrency platforms, according to the crypto intelligence portal SlowMist. The most recent update indicates that these illicit profits were transferred via exchanges including KuCoin, FixedFloat, ChangeNOW, and Tornado Cash.
The bold theft spree of the hackers did not end there. They continued by using Uniswap and PancakeSwap to exchange some of the stolen tokens, such as sUSD, RFuel, COOK, and others, for conventional assets with a remarkable $1.22 million market value. The fact that the stolen money has been spread out over more than 60 locations in many networks suggests that the money has not yet been entirely relocated.
The procedure has been broken twice, most recently here. The hackers launched a massive coin-minting avalanche on the day of the attack, notably 999 trillion Shiba Inu (SHIB) on the Heco network alone. This bold action resulted in a $4.2 billion fake asset inflation.
No reason to worry?
Despite the enormous sums at stake, Yu Xian, the inventor of SlowMist, provided some consolation to the parties in question. According to him, a substantial amount of the assets that the hackers have stolen are essentially “air” and shouldn’t be taken seriously as actual assets. This announcement tries to calm concerns that the hackers’ acts would have significant repercussions.
The hackers then distributed the money to other wallets and exchanged it for Ethereum (ETH) after their looting spree. They then moved on to use the aforementioned gateways to pay out.
