Bitcoin “Giveaway” Scam Used by Twitter Hackers to Transfer Funds to Gambling Sites and P2P Exchanges

Over the last few days, CipherTrace has managed to trace some funds that have been recently stolen by Twitter hackers in a “giveaway” scam involving crypto gambling websites and peer-to-peer (P2P) exchanges.

Yesterday, the blockchain forensics company revealed that 0.2 Bitcoin had been transferred to a peer-to-peer exchange by using what it called a “peel chain”. The same method was used by the hackers to transfer funds to a crypto casino.

As explained by CipherTrace, so-called “peel chains” 안전한 카지노사이트 are actually chains of e-wallets that hackers use to transfer funds to make the movement of illegally obtained crypto funds unintelligible and undetectable. According to the blockchain forensics firm that has been investigating the scheme, the scam is believed to be preferred by hackers originating from North Korea. Ciphertrace has estimated that Chinese nationals linked to North Korea have so far laundered over $100 million using similar peel chains.

In an effort to flag certain Bitcoin transactions suspicious before they are confirmed to its software suite, CipherTrace also announced the launch of “real-time transaction risk scoring”. The new software is to provide ATM operators, payment processors and crypto exchanges with the chance to quickly block and investigate transactions that have been marked as suspicious before these transactions are finalized on the blockchain.

Hackers Used So-Called “Peel Chains” to Transfer Funds to Gambling Platforms, Crypto and P2P Exchanges

The beginning of the week saw Ciphertrace reveal that Twitter hackers had set a number of peel chains to transfer the stolen funds to various gambling platforms, peer-to-peer marketplaces and crypto exchanges.

As the firm reported, movement of sums of between 0.1 and 0.15 Bitcoin to exchanges located in the US, India and Turkey, and a transaction of more than 1 Bitcoin to a Singapore-based regulated exchange. A total of 18 transactions made by Twitter hackers to various crypto platforms have been identified by the company while investigating the scheme. Apart from that, Ciphertrace also managed to identify a transfer to an old Binance cold wallet that, according to the firm, was used to mislead investigators.

Early reports of the incident have shown that many of the transfers carried out by the hackers were aimed at coin mixing services, the hackers seem to have become more oriented to crypto trading venues when making laundering efforts.

According to reports, on July 16th, a deposit of 2.89 Bitcoin, which represents approximately 22.5% of the stolen funds, was made into Wasabi wallet, 에볼루션바카라 which traffic is tunneled through the same encrypted network – TOR – used to access the dark web. The investigation found that on the next day, the hackers moved 0.1022 Bitcoin into ChipMixer, which is used as a tool by users to make their fund movements undetectable.

CipherTrace also found that the first movement of the stolen crypto into an attributed entity was to Binance cold wallet that has not been used for making a transaction since November 2018. According to the firm, the transaction was made to “troll” investigators rather than to actually transfer any funds. As mentioned above, a Bitcoin into a cryptocurrency exchange based in Singapore was also found.

Dude Finds Flaw in World’s Biggest Gambling Site, Steals $1M in Bitcoin

An online gaming/gambling site lost $1 million in bitcoin to an attacker who exploited its random number generation (RNG) system.

A leading and apparently the biggest online gambling website Primedice Bitcoin has suffered a $1 million loss after one of its members (players) discovered a way to game the system.

The user disguised himself as “Hufflepuff” and devised a method to hack the site’s dice roll game through which people win Bitcoin.

Primedice’s CEO says that they are announcing a reward for anyone who could provide leads to recover the lost amount.

The company although discovered that “Hufflepuff” was playing with the site’s system, but the user rejected their request to return the funds.

In August 2014, the third version of Primedice was released, and shortly after its launch, the team identified unusual patterns from two of its members/players. One of the players won bets while the other cashed out automatically.

However, the team couldn’t detect any wrongdoing.

After almost a month a delayed cashout 카지노먹튀검증 occurred and the winning player made a new account from which the largest bets in the history of Primedice were made. Hufflepuff, the bettor, was betting more than $8,000 in bitcoin per second for hours.

However, once again the team couldn’t identify wrongdoing and kept on paying Hufflepuff his winnings.

Eventually, they identified that some accounts were sharing the same server seed as the game displays the player an encrypted randomly generated value before the bet, which is called the server seed. This seed is to be shown to the client seed by the player and the system combines the two random values in order to evaluate win or loss.

Since Primedice sends out the decrypted seed, therefore, it was apparent that manipulation cannot happen. Nevertheless, Hufflepuff identified a way to make the server give out a decrypted server seed, which at the same time was an active seed. This is how he was able to corroborate the results of his bets.

Primedice’s house edge is just 1% that’s why it became difficult to pinpoint that some member has figured out its system. The gaming site’s team although noticed that “Hufflepuff” was winning big time, but they couldn’t understand how and why.

Since bitcoin transactions remain anonymous and irreversible, therefore, Primedice is facing a tough challenge in tracking “Hufflepuff” and in forcing him to return the funds.