Welcome to week 3 of the Crypto Alert of the Week series by AMLT, a series dedicated to documenting interesting or high profile frauds/hacks etc that recently happened and have been reported into the AMLT Network and show how the AMLT Network can help track and prevent it in the future.
On July 9th, funds worth approximately $23.5M were taken from the originating address. Funds included:
- Approx $10M worth Bancor Tokens (BNT)
- Approx $12.5M worth Ethereum
- Approx $1M worth Pundi X Tokens (NPXS).
BNT Tokens: The affected BNT were frozen thanks to the Anti-Theft Override mechanism that Bancor Protocol designed for thefts.
Ether: Within 9 hours all of the Ether were moved from the Bancor address through different addresses to end up on the perpetrators address from which the funds have not moved since.
Pundi X Tokens: Between the 9th and 13th July 2018 all Pundi X Tokens were moved to 34 different addresses and then through over 100 different addresses from which they ended up on one of the largest exchanges in the world.