According to on-chain analyst Ember (@EmberCN), the Venus protocol attacker has converted assets obtained in the attack into ETH and transferred them to the Ethereum network. The attacker exchanged 2,178 BNB, 20 BTC, and 1.466 million CAKE for 2,257.3 ETH (approximately $4.72 million), then moved the funds to Ethereum via a cross-chain bridge. On-chain data shows the attack initially cost approximately $9.92 million, with currently traceable recovered assets totaling around $5 million.
Venus attackers convert stolen $4.72M into ETH and transfer to Ethereum
TechFlowShare
Summary
Ethereum news: The Venus protocol attacker has moved stolen funds to Ethereum. According to on-chain analyst EmberCN, the hacker swapped 2,178 BNB, 20 BTC, and 1.466 million CAKE for 2,257.3 ETH ($4.72 million) and used a cross-chain bridge to transfer the funds to Ethereum. The total attack amounted to $9.92 million, with $5 million in assets now traceable. ETH news: The attacker’s actions underscore the speed of cross-chain transfers in DeFi.
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