ChainCatcher report: According to on-chain analyst Yujin, the Venus attacker has exchanged 2,178 BNB, 20 BTC, and 1.466 million CAKE for 2,257.3 ETH, worth $4.72 million. On-chain alone, the attacker used $9.92 million in USDT to execute this attack and has now recovered approximately $5 million in ETH. It remains unclear whether the attacker also profited from long/short trading of THE on centralized exchanges in conjunction with this attack.
Venus attackers exchange 2,178 BNB, 20 BTC, and 1.466M CAKE for 2,257.3 ETH
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Summary
Venus attackers exchanged 2,178 BNB, 20 BTC, and 1.466M CAKE for 2,257.3 ETH, valued at $4.72 million, according to on-chain trading signals. The attacker reportedly used 9.92M USDT to execute the attack. Technical analysis for crypto suggests the ETH gains may have resulted from arbitrage or market manipulation. It remains unclear whether the attacker also used a CEX for long-short trades.
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