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Home»ADOPTION NEWS»Uranium Finance hackers may have withdrawn cash via ‘Magic: The Gathering’ cards, ZachXBT has revealed.
ADOPTION NEWS

Uranium Finance hackers may have withdrawn cash via ‘Magic: The Gathering’ cards, ZachXBT has revealed.

By Crypto FlexsDecember 9, 20233 Mins Read
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Uranium Finance hackers may have withdrawn cash via ‘Magic: The Gathering’ cards, ZachXBT has revealed.
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Hackers who exploited the Uranium Finance DeFi platform in 2021 may have attempted to use “Magic: The Gathering” trading cards to launder the loot after running it through the Tornado Cash mixing service, pseudonymous blockchain sleuth ZachXBT said Thursday. Yes.

in line ZachXBT on The user then exchanged the ETH for wrapped ETH (WETH), transferred it to a new address, exchanged it for USDC, and then used some of it to purchase “Magic: The Gathering” (MTG) trading cards.

Some of the funds were also deposited into centralized exchanges Kraken, Bitpay, and researcher Coinbase. wrote.

ZachXBT said steps appear to have been taken to make it more difficult to trace funds back to their source. 2021 Exploits This is what the Uranium Finance decentralized exchange looks like. Given the timing when the Uranium hacker deposited funds into Tornado Cash and when the MTG card purchaser withdrew the funds, it is likely that they are the same person.

“In March 2023, a uranium hacker deposited 52 “March 6 and 14: Uranium Hacker deposited 52

Uranium Finance, a fork based on Uniswap’s Binance Smart Chain, $50 million loss In the 2021 exploit, attackers used a calculation error in the code to drain liquidity from the protocol. During the migration to the V2 version of Uranium, 80 Bitcoin, 1,800 ETH, 17.9 million BUSD, 5.7 million USDT, 638,000 ADA, 26,500 DOT, 34,000 wrapped BNB and 112,000 U92 tokens were leaked.

After the exploit, the attacker sent 2,438 ETH to Tornado Cash. I also exchanged DOT and ADA tokens for ETH through PancakeSwap based on Binance Smart Chain and sent 80 Bitcoin to AnySwap.

rare card

ZachXBT said one person found a U.S.-based broker who contacted the seller on their behalf to purchase the trading cards. After speaking with several sellers involved in the deal, ZachXBT discovered that buyers were “spending millions of dollars on starter decks, alpha sets, and sealed boxes,” and were overpaying by 5 to 10 percent. The buyer sent the cryptocurrency to the broker in advance and did not reveal his identity to the seller.

A not-so-quick MTG card collector at

Starter decks are “old, rare, and unreproducible. They are very expensive, their authenticity and provenance are easy to verify, and they are a type of vintage product that is not traded often.” Alpha sets “have a higher price range and are traded less frequently, and then either everyone knows about them or the transactions are intentionally kept secret and no one knows about them.”

The fact that hackers were able to purchase the cards suggested they could potentially contaminate much of the remaining supply of those cards. post At X.

Tornado Cache approved Last November, the U.S. Treasury’s Office of Foreign Assets Control and its founders charged It consists of “conspiracy to launder money, conspiracy to violate sanctions, and conspiracy to operate an unlicensed money transfer business.”


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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