- ZachXBT noticed a crypto theft involving roughly $2 million price of memecoins.
- The thief had exchanged about half of the stolen crypto to ETH, transferring them to new wallets.
- Memecoin hacker drained the sufferer’s pockets in three transactions in beneath one minute.
Blockchain sleuth ZachXBT uncovered a crypto theft concentrating on roughly $2 million price of memecoins. In a publish, the investigator revealed the thief exchanged half the stolen property for Ethereum (ETH) and transferred them to new wallets.
ZachXBT shared a transaction diagram, an indicator of his investigations. It confirmed the remaining stolen funds held in ANDY, a memecoin on the Base community. On the time of the report, the hacker held 4.2 billion ANDY, valued at roughly $1 million.
The investigation revealed the hacker stole the memecoins through three separate transactions inside a minute. The stolen crypto was consolidated right into a single pockets earlier than being dispersed throughout 5 new addresses over a number of transactions. This switch course of took beneath half-hour.
The report highlights a few secondary transfers, with probably the most important involving 8.38 ETH despatched to a brand new pockets. The opposite concerned a portion of the stolen memecoins.
ZachXBT’s alert coincides with surging curiosity within the memecoin sector fueled by the continued crypto market hypothesis. Many merchants view memecoins as a possible supply of fast earnings attributable to their historical past of speedy worth will increase.
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