• BTC.com, a prominent cryptocurrency mining pool, suffered a cyberattack that resulted in a significant loss of company and user funds.
• According to a market research firm, X-explore’s analysis, most stolen assets were transferred to Tornado Cash while some amounts were also transferred to centralized exchanges Binance and Kucoin.
• It is suspected that the perpetrators could have laundered the funds with the help of a centralized BTC Mixer.

Last month, BTC.com, a prominent cryptocurrency mining pool, experienced a cyberattack that resulted in a significant loss of company and user funds. The company had earlier revealed securing an undisclosed amount of assets. However, new details have emerged regarding the whereabouts of the stolen funds.

The market research firm, X-explore, conducted an analysis of the stolen funds. According to their findings, most of the stolen assets were transferred to Tornado Cash while some amounts were also transferred to centralized exchanges Binance and Kucoin. X-explore also noted that a total of 1,964 ETH, worth around $1.4 million, was transferred to Tornado Cash.

In addition, X-explore identified a BTC wallet that transferred 32.5 BTC, worth around $550k, and is suspected to be stolen. The perpetrators could have laundered the funds with the help of a centralized BTC Mixer. X-explore also found that the wallet had sent out another transaction to a CEX, which was quickly withdrawn in the form of USDT.

Furthermore, the company noted that other funds from the wallet had been sent to various address, including some that have been associated with the dark web. Additionally, some of the funds have been sent to other centralized exchanges such as Binance and Kucoin.

The investigation is still ongoing, and it is unclear as to where all of the funds have gone. However, X-explore has stated that it is possible that the perpetrators had used a combination of centralized exchanges, dark web marketplaces, and decentralized finance protocols to launder the funds.

Overall, the attack on BTC.com was a significant one that resulted in a significant loss of company and user funds. Fortunately, the market research firm, X-explore, was able to identify some of the transfers and their possible destinations. It is likely that the investigation will continue, and more information will be revealed. In the meantime, it is important that cryptocurrency users remain vigilant and secure their funds.