Taylor on the $30M bank hack that was traced, but couldn't be frozen because no victim came forward "The bank got hacked. They apparently stole the money out of the accounts at…
Original source excerpt
Taylor on the $30M bank hack that was traced, but couldn't be frozen because no victim came forward "The bank got hacked. They apparently stole the money out of the accounts at the bank and put them …
Taylor on the $30M bank hack that was traced, but couldn't be frozen because no victim came forward "The bank got hacked. They apparently stole the money out of the accounts at the bank and put them in new bank accounts somewhere else. Then from those bank accounts, they purchased cryptocurrency via a whole bunch of centralized exchanges." "Because of the volume and everyone being on high alert due to the Binance hack, I'm guessing there's a whole bunch of people having conversations like, wait, this is super anomalous behavior." "Zach was able to basically cluster all that activity and trace it back. He was trying to freeze funds and coordinate with the exchanges. But in order to do that, you have to have some confirmation that this is illicit activity." "It crosses back into fiat, and the bank hadn't made a statement. Zach was watching about $30 million that should have been stopped and should have been frozen, but couldn't because there was no victim identified." "All we know is that it's definitely not Lazarus. So not only did this bank get hacked, but they got hacked by not the best hackers in the world."
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