- 50% of the Bitcoin that gained over the 400 payments in the recent crypto scams are holding by mainly four addresses.
- Cermak updated the information that the hackers have now mixed their stolen Bitcoin that too twice using their Wasabi wallets.
Larry Cermak has recently posted a tweet where he has claimed that over 50% of the Bitcoin that gained over the 400 payments in the recent crypto scams are holding by mainly four addresses.
Just soon after the above tweet, Cermak updated the information that the hackers have now mixed their stolen Bitcoin that too twice using their Wasabi wallets.
The hacker has now mixed their stolen BTC through Wasabi twice. Total of 3.2 BTC.
— Larry Cermak (@lawmaster) July 18, 2020
Hackers Used Social Engineering Scheme To Breach Private Twitter Tools
Larry Cermak is a crypto analyst and is a writer at The Block crypto. He has been keeping tracks and monitoring over the recent crypto scam that took place on Wednesday. In the most recent cryptocurrency scam, a series of high profile Twitter accounts hacked.
All these compromised accounts tweeted a similar tweet along with a Bitcoin address. The message claimed that whatever amount sent to the given address would be given back to the community. For instance, if somebody sends $1000, the sender will be given back $2000.
Twitter has taken serious steps in the investigation of the attack because hackers had access to the tools exclusively available only for Twitter employees. Hackers have used a social engineering scheme where they have manipulated some employees into revealing confidential information. It is estimated that around the Bitcoin wallet had generated around 400+ payments amounting a total of $121,000 worth of Bitcoin.
Hackers Is An Amateur Because Of His Poor Wallet Management And Mixing Attempts
Cermak has previously tweeted that the hackers have altered all the patterns of the stolen BTC. A total of 17.34 BTC worth $160,000 now stored in 33 Bitcoin wallets newly created.
According to Cermak, the hacker is an amateur. This is because if he’s being able to track all the stolen BTC without using any sophisticated devices or tools, then it is very likely that companies with proper tools will be able to the culprits. Initially, Cermak had the notion that this hacker or group of hackers were genius and may have some ultimate motives behind stealing BTC. However, after all the activities, he is optimistic that he’s an amateur because of his careless wallet management, traceable wallet mixing attempts and associativity with the exchanges.