The firm has also been tracking funds stolen in Binance’s separate multibillion-dollar hack, saying the attackers are using automation to obscure the trail and leveraging DeFi protocols on Tron to dodge stablecoin freezes.
Chainalysis stated that the attackers in the Binance hack are using automation to obscure the trail and leveraging DeFi protocols on Tron to avoid stablecoin freezes.
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Immunefi Vice President Simone Imbrescia stated that the sweeper contract used in the hack was only around 130 lines and that simple code can be devastating if access is powerful enough.
The sweeper contract was only around 130 lines, Immunefi Vice President Simone Imbrescia said in a statement shared with The Block. "The hard part sometimes is getting access to a system powerful enough to make very simple code devastating," Imbrescia said.
The Block reported that Chainalysis said its own breach is not related to the Binance theft.
Chainalysis said the incident is "not related to the recent crypto theft at Binance."
The Block reported that Chainalysis said an AI-assisted hacker breached its systems and accessed non-sensitive customer data including names and emails.
Blockchain analytics firm Chainalysis said an AI-assisted hacker breached its systems and accessed “non-sensitive” customer data, including names and emails.