Lykke Exchange Hacker Withdraws 850k DAI, Launders Funds Through eXch

IconCryptoNewsTerminal Staff02 Aug, 2024

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Lykke Exchange Hacker Withdraws 850k DAI, Launders Funds Through eXch

The attacker who compromised the Lykke cryptocurrency exchange has moved 852,000 DAI to a new address. This follows the initial hack, where the attacker made off with millions in various cryptocurrencies. The stolen DAI has since been laundered through the cryptocurrency transaction mixing platform eXch. By utilizing eXch, the attacker has attempted to obscure the trail of the stolen funds and evade detection. This type of platform allows users to send and receive cryptocurrency while maintaining a high level of anonymity. Exchanges and other cryptocurrency platforms have been targets of hackers this year, showcasing the need for robust security measures. As the cryptocurrency industry continues to grow, it's expected that such incidents will become increasingly common.

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