Cryptocurrency Detective ZachXBT Reveals Major Hack: “$238 Million Worth of Bitcoin (BTC) Stolen!”

Cryptocurrency Detective ZachXBT, revealed a major hack attack. According to ZachXBT, the victim lost $238 million Bitcoin (BTC) he stated that he lost.

The alarming news was first reported by ZachXBT, who reported that The victim lost 4,064 Bitcoins worth approximately $238 million in a suspicious transfer today.

Later, $238 million worth of BTC was suspiciously transferred to multiple platforms.

ZachXBT reported that 4,064 BTC was suspiciously transferred on X about eight hours ago, and the funds were quickly ThorChain, KuCoin ve Avalanche Bridge reported that it has been moved to platforms such as.

SlowMist founder Cos said some of the funds were raised through a venture capital firm Genesis Global Trading He suggested that it might be related to.

Lookoncahin shared in his post that 642.4 BTC (worth $37.73 million) of the 4,064 Bitcoins were taken from the GenesisTrading Bankruptcy Distributions wallet on August 2, and 2,173 BTC (worth $127.6 million) were taken from GenesisTrading 2 years ago.

Is Lazarus Group Behind the Hack?

While the motive for the $238 million Bitcoin hack involving suspicious transfers remains unclear, the cryptocurrency community is questioning whether the Lazarus Group, a North Korean cybercrime organization known for high-profile crypto hacks, was also involved in the hack.

However, crypto detective ZachXBT rejected the speculation that Lazarus was involved, saying, “I don’t think so this time (the behavior is a bit different).”

Seven hours ago a suspicious transfer was made from a potential victim for 4064 BTC ($238M)

Transaction hash
4b277ba298830ea538086114803b9487558bb093b5083e383e94db687fbe9090

Funds were quickly transferred to ThorChain, eXch, Kucoin, ChangeNow, Railgun, Avalanche Bridge.

— ZachXBT (@zachxbt) August 19, 2024