Hack Track: Alphapo Flow of Funds Analysis

2023-07-26 Merklescience

https://blog.merklescience.com/hacktrack/hack-track-alphapo-flow-of-funds-analysis

Thumbnail for Hack Track: Alphapo Flow of Funds Analysis

Alphapo, a Curacao-based cryptocurrency payment gateway used by gambling platforms, lost at least $110 million from hot wallets on Ethereum and Tron on 22 July 2023. Merkle Science says the attacker stole about $101 million from Ethereum wallets, swapped DAI, USDC, and USDT into ETH, split the proceeds across 67 Ethereum addresses, and bridged funds to Bitcoin, where they remained unmoved in newly created addresses. The attacker also accessed a Tron hot wallet and moved more than 118 million TRX through associate and newly created TRX addresses. The source does not make a DPRK attribution; it is relevant as crypto theft and laundering tradecraft context.

Related Reports

« Back