The hacker of the AscendEX bitcoin exchange began to launder assets

A hacker who hacked the AscendEX cryptocurrency exchange in December 2021 began selling stolen assets.

According to the observations of PeckShield specialists, the attacker exchanged ERC-20 tokens, including Route, Rio Fuel, MATIC, REVV, Clearpool and MAPS, for Ethereum through the decentralized Uniswap exchange.

The sales volume exceeded $1 million, the hacker aggregated funds in one wallet.

At the time of writing, the address contains 2459 ETH worth about $7.2 million.

On December 12, AscendEX confirmed the hacking of the Ethereum, Polygon and Binance Smart Chain hot wallets.

PeckShield estimated the damage at $77.7 million. The largest amount of stolen assets fell on tokens on the Ethereum network — $ 60 million.

AscendEX was created in 2018 under the name BitMax. In March 2021, the company rebranded, and in November it raised $50 million from Polychain Capital, Hack VC and other investors.

Recall that in January, PeckShield experts reported the hacking of the cryptocurrency platform . The team of the latter stated that the client’s funds are safe, and the withdrawal has been suspended due to “suspicious activity”.

Two days later in about 400 user accounts have been confirmed hacked. The damage amounted to about $34 million. The platform has fully reimbursed the losses of customers from its funds.