Fraudsters withdraw 2.5 million US dollars of crypto-exit fraud: Certik report
Fraudsters withdraw 2.5 million US dollars of crypto-exit fraud: Certik report
less than two weeks after the beginning of the new year have already started to do what they can do best.
according to the latest update from the blockchain security company Certik have been created- Circulatebusd and Circulatewbnb - pumped away by the creators.
- The funds were bridged to Ethereum and paid in the OFAC sanctioned Coin Mixer, Tornado Cash. In this way, the creators of the two contracts managed to carry out an exit fraud by skimming $ 2.5 million. Certik ,
"This incident is made possible by a back door in the 'Start Trading' function. The function calls a malicious, un verified contract Swaphelper (0x112f8) with the signature 0x6343756.
- In a recently published report, Certik found that despite the crypto-baisse, a large number of incidents were observed, and added that there will be no break at exploits, flash loans or exit fraud this year.
- In fact, the illegal transaction volume of crypto-assets achieved a record level of $ 20 billion.
- The company also found that transactions in connection with sanctioned companies in 2022 increased by over 100,000 times, which made 44 % of the illegal activities of the previous year.
- chainalysis recently pointed out that it is not very easy to pull the plug a decentralized protocol like Tornado Cash, which explains why this is Coin The activity of Mixer did not completely stop after the OFAC sanctions.
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