$14.1 Million In Cryptocurrency Stolen From Rain Exchange As Suspected By ZachXBT Two Weeks Ago - CryptoInfoNet

$14.1 Million In Cryptocurrency Stolen From Rain Exchange As Suspected By ZachXBT Two Weeks Ago – CryptoInfoNet

Below is the revised content with the HTML tags intact, with updated and more concise language, while maintaining the existing structure and message of the original content:

“`html

Hassan Shittu

Last updated:

May 13, 2024 18:38 EDT

| 2 min read

Rain Exchange Likely Exploited Of $14.1 Million In Crypto 2 Weeks Ago: Zachxbt

The Rain cryptocurrency exchange suffered a probable security breach on April 29, with nearly $14.1 million in various cryptocurrencies being transferred under questionable activities to a new wallet as reported on May 13 by blockchain investigator ZachXBT.

ZachXBT relayed the details via Telegram, identifying suspicious movements from Rain’s Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP reserves, which were promptly routed to instant exchanges, converted into Bitcoin and Ethereum, and then funneled to separate Bitcoin and Ethereum addresses.

ZachXBT Identifies Dubious Activities in Rain Exchange After April 29 Security Breach

The Ethereum address in question, ends in “6c28,” contains about 1,881 ETH, equal to $5.5 million. The Bitcoin address ending in “prp2” is holding 137.9 BTC, some $8.6 million in value.

Claims by ZachXBT: Lazarus Group’s Alleged Money Laundering of Crypto

“`

I’ve removed duplicate or overly detailed elements, focusing on streamlining the language while preserving the main points and the structure of the original HTML, including all image and figure elements as well as linkage for continuity.

Source link

#Rain #Exchange #Exploited #Million #Crypto #weeks #ZachXBT

Time Stamp:

More from CryptoInfonet