- Bitrue Drainer has unloaded 4,207 ETH for $16.34 million in the DAI stablecoin.
- The transaction follows the Bitrue security breach in April 2023, when $23.5 million was stolen.
- The hacker still holds ETH, SHIB, and HOT tokens worth over $24 million.
The crypto surveillance platform Lookonchain has revealed alarming developments regarding the infamous Bitrue Drainer-labeled address. According to the disclosure, the same hacker responsible for a staggering $23.5 million heist on Bitrue Exchange last year has resurfaced with a hefty crypto sale.
The #Bitrue Drainer sold 4,207 $ETH for 16.34M $DAI at $3,885 8 hours ago.#BitrueDrainer stole $23.5M assets on April 14, 2023, including:137,000 $QNT($17M)
46.4M $GALA($2M)
172.55B $SHIB($1.91M)
756M $HOT($1.54M)
318 $ETH($640K)
310,071 $MATIC($352K)
Then sold 137,000 $QNT… pic.twitter.com/Ptg5mbCB5C
— Lookonchain (@lookonchain) March 11, 2024
In particular, Lookonchain noted that the Bitrue Drainer unloaded 4,207 ETH for $16.34 million denominated in the DAI stablecoin. The hacker executed the transaction within the last 24 hours, dumping the ETH at $3,885 a pop.
Notably, this transaction followed the Bitrue securit…
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