BlockBeats news, on March 22, according to on-chain analyst Yujin, the Venus attacker converted all BNB, BTC, and CAKE withdrawn during the attack into ETH five hours ago and has since bridged them to the Ethereum network.
Specifically, it exchanged 2,178 BNB, 20 BTC, and 1.466 million CAKE for 2,257.3 ETH, worth approximately $4.72 million.
Based on on-chain data, the attacker initially invested approximately $9.92 million to carry out the attack and has so far recovered only about $5 million worth of ETH. It remains unconfirmed whether the attacker also engaged in long/short trading of related assets on centralized exchanges to generate additional profits.
Venus attack suspect converts stolen BNB, BTC, and CAKE to ETH, recovering only 50% of initial investment
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Summary
The Venus attack suspect converted stolen BNB, BTC, and CAKE to ETH, with an unclear risk-to-reward ratio. The attacker exchanged 2,178 BNB, 20 BTC, and 1.466 million CAKE for 2,257.3 ETH, worth $4.72 million. On-chain data indicates the initial investment was approximately $9.92 million, with only half recovered. Traders are monitoring key support and resistance levels as the ETH moves across networks. It remains unknown whether centralized exchanges were used to realize further gains.
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