On-chain monitoring data has revealed that a cryptocurrency wallet address linked to the $200 million Mixin Network exploit has suddenly become active after more than two years of dormancy. According to blockchain investigators, the wallet transferred a significant amount of Ethereum (ETH) to several new, unidentified addresses. The Mixin Network breach, which took place in September 2023, resulted in the loss of approximately $200 million in various digital assets, making it one of the largest hacks in the decentralized finance sector. Security analysts suggest that the movement of these funds after a prolonged period of inactivity is a common tactic used by attackers to wait for the initial heat of the investigation to cool before attempting to launder or liquidate the stolen proceeds. Blockchain security firms are currently tracking the flow of these assets to determine if they are being sent to mixers or centralized exchanges.
Source: Wallet tied to $200M Mixin Network hack moves ETH after over two years of dormancy: onchain data
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