ZachXBT Reveals Details of $29 Million SUI Token Theft
Blockchain investigator Zachxbt recently disclosed that the company lost $ 29 million in funds. Sui Token was issued in December 2024.
This shocking incident highlights the continuous risks facing the blockchain industry.
The attacker uses TORNADO CASH money laundering 29 million US dollars SUI tokens
January 26, Blockchain investigator Zachxbt The detailed information of the vulnerability is disclosed, which is aimed at the main holder of the SUI network.
According to reports, the attacker stole 6.27 million SUI token on December 12 with a value of $ 29 million. The stolen assets are transferred from SUI to Ethereum through the bridge, and then passed through Tornado cash Small parts to cover the trace.
After the vulnerability occurred, the affected users quickly transferred the .sui domain name they held to a safe wallet to prevent further loss. However, the analysis tools and tracking functions available on the SUI network are limited, and the efforts to track the stolen funds are still hindered.
“Shortly after the theft, the victim transferred its .sUI domain name to a new unproof address. At present, the limitations of the SUI block browser and SUI analysis tool make theft difficult to track,” Zachxbt WriteEssence
This case is part of the widespread model of vulnerabilities in the blockchain field. For example, Singapore Exchange PHEMEX Recently reported suspicious activities involving its hot wallet. The company is expected to lose more than $ 37 million in assets such as Bitcoin, Ethereum and TRON.
Market experts point out that such incidents highlight the continuous risks facing the existing and emerging blockchain ecosystems.
SUI blockchain was launched in 2023, As a network 1 network, it is valued Designed for decentralized applications. It uses MOVE programming language and supports parallel transaction processing, which is promoted Its rapid growthEssence
As of press time, the market value of SUI has reached US $ 12 billion, and it has stabilized the status of the 16th National Crypto currency and has more than 50 million registered accounts. This rapid rise has undoubtedly made the Internet attractive to bad actors.
Despite these challenges, Sui still focuses on Strengthen its ecosystem. The co -founder of the blockchain ADENIYI ABIODUN said that the network plans to expand its coverage in 2025 by supporting artificial intelligence, games and fintech industries. The SUI aims to launch more practical applications based on the achievements of sub -second transactions and decentralized finance and game innovation.
“By 2025, we will far exceed ‘faster final determination’. We are designing a future to make SUI a backbone of financial, games, artificial intelligence -driven agents and daily applications,” Adeniyi said.
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