2026-01-17 01:17:01

On-Chain Tracking Experts Recently Disclosed the Latest Developments in a Major Theft Case. A hacker on January 10th stole a total of 2.05 million LTC and 1,460 BTC from the victim's wallet, with the stolen assets valued at up to $294 million.

Even more concerning is that the transfer pattern of these large amounts has come to light. Over the past few days, this hacker address has continuously carried out large-scale exchange operations—converting a significant amount of the stolen BTC into ETH. This rapid currency conversion behavior often indicates that the hacker is attempting to evade tracking through asset diversification or is seeking more liquid exit routes.

This incident serves as a reminder to community members to stay vigilant—even assets worth millions of dollars can now be transferred and exchanged on-chain at astonishing speeds. For investors, wallet security and private key protection remain the first line of defense.

LTC3,58%

BTC-0,41%

ETH-0,63%

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MoonRocketTeam

· 3h ago

Damn, 294 million USD just evaporated. This booster is really breaking bad. BTC to ETH, is this guy making the final supplement before heading to the moon? Private keys are really that firewall; if not protected well, you're directlyrekt. Another big on-chain case, feels like hackers are all using orbital maneuvers to evade detection. This conversion speed is incredible; liquidity is probably their real helper. A few hundred million just gone, and I'm still calculating my small ledger. Multi-chain transfer strategies are so mature now, ordinary people really need to pay attention. His BTC to ETH swap might just be to land quickly and cash out; this kind of scheming is truly deep. Wow, such a large-scale theft still has tricks up its sleeve; the on-chain world is vastly different. Asset diversification is originally for risk hedging, but I didn't expect hackers to play the same game.

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BearMarketMonk

· 4h ago

Nearly 300 million gone, and hackers are still leisurely exchanging coins on the chain... This is called "transparency," right? Seeing through but not exposing it, still teaching what needs to be taught. --- Transferring BTC to ETH is nothing more than trying to find a better channel to dump. The cycle has come, the lessons have been learned, but unfortunately, those who refuse to listen still have to pay the tuition again. --- 2.94 billion running on the chain, and still so happily... Isn't this a kind of "innovation" in a sense? Just the cost is a bit high. --- So, in the end, it's that old saying—private keys are like life and death registers; you have to guard them yourself. No matter how many excuses, they can't change the outcome of being exploited. --- Even big players are caught, what does this show? When market sentiment is good, defenses are the loosest. History just keeps cycling like this. --- The technique of currency conversion is nothing new, but applying it to 2.94 billion makes it quite ironic. The bigger the scale, the more obvious the flaws. --- No privacy on the chain, hackers can't run away, but the money has already gone into someone else's pocket. Sometimes, the point of tracking is just to... watch the fun.

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ParanoiaKing

· 4h ago

Damn, 294 million just disappeared like that. The BTC to ETH transfer trick is so old... I just want to know how much this guy can finally get away with.

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MemecoinTrader

· 4h ago

ngl the swap pattern here is *textbook* obfuscation playbook... btc to eth pipeline screams classic psyops exit strategy tbh

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quiet_lurker

· 5h ago

Here we go again with the same trick, using BTC to transfer to ETH to evade tracking... We need to be smarter. --- Oh my god, $294 million just disappeared like that. This hacker's skills are really ruthless. --- Convert to ETH and try to run? Can't you track on the blockchain? --- Private keys really need to be carefully protected. A small mistake could mean losing money for generations. --- 2.05 million LTC... Just thinking about it makes me uncomfortable. Why does this always happen? --- So this guy is still active on the chain? Catch him! --- Stop just issuing warnings. Can't you directly freeze these addresses? --- Better liquidity means easier cash-out? This logic feels a bit off. --- I understand wallet security, but the real question is how to prevent such large-scale attacks. --- $294 million, everyone. How many people have been scammed?

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SnapshotLaborer