UXLINK Attacker Sells 248 WBTC for $23.08 Million Profit

Lookonchain reports the UXLINK attacker sold 248 WBTC for $23.08 million, netting $1.06 million profit after a $33.83 million purchase roughly one month earlier.

WBTC

Summary

Blockchain analytics platform Lookonchain reported that the UXLINK attacker sold 248 WBTC at $93,023 each for a total of $23.08 million, earning about $1.06 million in profit. This transaction occurred two hours before the report. About a month earlier, the attacker had purchased 375 WBTC at $90,203 per token for approximately $33.83 million.

Terms & Concepts
  • WBTC (Wrapped Bitcoin): A tokenized version of Bitcoin on the Ethereum blockchain, pegged 1:1 to the value of Bitcoin.
  • Blockchain analytics: The process of examining blockchain transactions to uncover patterns, trace funds, and identify entities involved in crypto activities.
  • Lookonchain: A blockchain analytics platform that tracks large and notable cryptocurrency transactions.