$21M in Bitcoin and Other Crypto Stolen From Japanese Miner SBI, Says Blockchain Sleuth

Around $21 million in crypto has reportedly been stolen from addresses linked to SBI Crypto, a Japanese cryptocurrency miner. Blockchain investigator ZachXBT claimed that the funds were moved to various platforms, including historical mentions involving Tornado Cash, a coin mixing service known for obscuring transaction origins. Despite the significant outflow, SBI Crypto has not acknowledged the incident publicly. This theft is part of a larger trend of increased hacking activities within the cryptocurrency sector, with 2024 projected to exceed past records for stolen funds. Notably, the incident mirrors tactics used by groups like North Korea's Lazarus Group, which has been implicated in laundering stolen funds through decentralized exchanges and mixers. SBI Crypto previously engaged in other noteworthy activities, including managing customer assets from DMM Bitcoin in a strategic move facilitated through its parent company, SBI Group.

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