The post Over $85 Million Has Been Transferred From HECO Bridge to Suspicious Addresses In An Exploit appeared on BitcoinEthereumNews.com.

Over $85 million was transferred from HECO chain bridge to suspicious addresses, raising exploit concerns. Justin Sun merged Tron and BitTorrent bridge ecosystem with HECO in 2022, which is currently facing hacking issues. Recent hacks include a $117 million exploit on Poloniex exchange and an $8 million hack on HTX exchange. On-chain security platform Cyvers Alerts has detected that suspicious addresses have received over $85 million from the HECO chain bridge. This suggests that an exploit is possibly underway or perhaps, HECO chain has just suffered from an over $85 million exploit. Whichever, details are still emerging. Code Red! (Ongoing)Our AI powered system has detected multiple suspicious transactions from @HECO_Chain bridge Suspicious address has received around $85M. Suspicious address: https://t.co/JlMClIM7hg First transaction is 10,145 $ETH from @HECO_Chain bridge to suspicious… pic.twitter.com/IwpqXvhCsU — Cyvers Alerts (@CyversAlerts) November 22, 2023 In 2022, Justin Sun merged the TRON and BitTorrent bridge ecosystem with HECO. Lately, Justin Sun’s various projects have suffered from hacks. See Also: Three Men Arrested for Alleged $10 Million Theft and Money Laundering Using Crypto For example, earlier this month, Bitcoinworld reported that the Poloniex exchange suffered from a $117 million hack. Prior to that, the HTX exchange was a victim of an $8 million hack. Expect more updates on this story soon.   The post Over $85 Million Has Been Transferred From HECO Bridge to Suspicious Addresses In An Exploit appeared first on BitcoinWorld. Source: https://bitcoinworld.co.in/over-85-million-has-been-transferred-from-heco-bridge-to-suspicious-addresses-in-an-exploit/

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Filed under: News - @ November 22, 2023 6:24 pm