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Researcher Says Hacker Group Made Over $14 Million via X Account Hacks and Crypto Laundering

According to analyst Specter, a single group allegedly hijacked X accounts tied to Keith Gill, Matt Furie, and WinRAR and moved proceeds across five blockchain networks.

ETH
BNB
SOL

Summary

On-chain analyst Specter said a single hacker group generated more than $14 million by hijacking X accounts linked to Keith Gill, Matt Furie, and WinRAR, then moving funds across Solana, BNB Chain, Ethereum, Tron, and Hyperliquid. Specter said the operation used compromised social media accounts and cross-chain fund movements to complicate tracing. The analyst also linked the same group to a 2024 phishing attack that resulted in a $2.45 million loss in wstETH.

Terms & Concepts
  • Cross-chain laundering: The movement of crypto funds across multiple blockchains to make transactions harder to trace and to obscure the origin of assets.
  • Phishing: A fraud technique in which attackers trick victims into revealing credentials, wallet access, or approving malicious transactions.
  • wstETH: A wrapped version of staked Ether that represents staking exposure and can be used across decentralized finance applications.