A significant cryptocurrency theft has been reported, involving the loss of 27 million USDT (Tether). The incident was first brought to light by a tweet from ZachXBT, a well-known figure in the cryptocurrency community, known for his investigative work on crypto-related frauds and scams.
According to ZachXBT’s tweet, the theft occurred on November 12, 2023. The stolen USDT was rapidly converted into Ethereum (ETH) and then dispersed through various services, including FixedFloat and ChangeNow. Subsequently, the funds were bridged to Bitcoin via THORChain, a decentralized liquidity protocol.
An intriguing aspect of this case is the connection of the victim’s address to the Binance deployer. Binance, one of the world’s largest cryptocurrency exchanges, has been known for its robust security measures. The involvement of an address linked to Binance’s deployer raises questions about the security protocols and the potential…
