It looks like the hacked funds from Kucoin are still getting attention, for the culprits that were involved are trying to move the stolen crypto again. Whale Alert has published a tweet stating that 807 BTC of stolen funds were transferred to a new anonymous wallet last Tuesday.
The wallet in question has an address that showed:
1Rn29Gry2gboRXqLctEWgaA3J3qpgLM9D
But the origin of the stolen funds that amounted to 807 BTC has been traced to multiple addresses that were associated with the Kucoin Hack 2020, namely:
1TYyommJW3uhjhcnHhUSuTQFqSBAxBDPV
1NRsEQRg5EjmJHbPUX7YADVPcPzCQBkyU7
Earlier in September, The Whale Alerts revealed that a part of the stolen funds from the Kucoin hack, involving over a million XRP, had moved through batches into crypto exchanges like Huobi, Binance, and BYEX.
Regarding the current BTC movement, the funds have ended up in a wallet and not an exchange; the transfer cannot indicate that the hackers were trying to sell the stolen funds at all. Truthfully, it is typical for the hackers to move the stolen funds in boosts without selling them.
The BTC price was up 5.5% in the last 24 hours and was worth about $13,667.76 today.
After the significant hack last September, Kucoin had published an update that has stated that the exchange has allowed deposits and withdrawals for BTC, ETH, and USDT stablecoin after upgrading the wallet security for the cryptocurrencies as mentioned earlier. The update has followed the Seychelles based exchange’s early decision to freeze all the wallets and disable the services, following the $281M in various crypto that was stolen in the hack.
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