Platypus attackers exchanged 10654 AVAX for 127 WETHs and transferred them to the Ethereum network

According to the report, according to the data of MistTrack in Slow Fog, the Platypus attacker exchanged 10654 AVAX for 127 WETHs and then transferred them to the Ethereum network across the chain. At present, the stolen funds are located at 0x5fc3… 08bfd9, which extracted 12178 BUSDs from Binance in May 2022.

Interpretation of this information:

The message is relaying information from a report that provides some data on an incident involving the Platypus attacker. According to the report, the attacker exchanged 10654 AVAX for 127 WETHs and then transferred them across the Ethereum network. The message also reveals that the stolen funds are currently located at an address that extracted 12178 BUSDs from Binance in May 2022.

The report suggests that the incident involved a theft of funds from an unknown source, likely a cryptocurrency exchange. The attacker reportedly exchanged 10654 AVAX for 127 WETHs before moving them across the Ethereum network. AVAX is a native cryptocurrency on the Avalanche network, while WETH is a wrapped version of Ether on the Ethereum network.

The attacker’s use of both AVAX and WETH suggests a sophisticated understanding of cryptocurrency networks and exchanges. This understanding allowed them to effectively move the funds to an address that has since extracted 12178 BUSDs from Binance in May 2022. BUSD is a stablecoin pegged to the US dollar and is commonly used for trading on cryptocurrency exchanges.

Overall, the message suggests that the Platypus attacker was successful in stealing a significant amount of funds from an unknown source. It also indicates that the attacker had a detailed understanding of cryptocurrency networks and exchanges, allowing them to move the funds across different networks and to obscure their location. The mention of the BUSDs extracted from Binance in May 2022 could be an important clue for investigators attempting to trace the stolen funds.