ZachXBT suspects there may be a hack on the cryptocurrency exchange Rain.
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ZachXBT
ZachXBT is an enthusiastic blockchain enthusiast committed to exposing dishonest players and bad actors in the cryptocurrency world.
ZachXBT states that their wallets for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Ripple (XRP) showed unusual outflows. To support the theories, ZachXBT provided two addresses where the stolen money is probably located.
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Suspicions of a hack on the cryptocurrency exchange Rain.
ZachXBT emphasized that Rain had not yet released any statements on the incident.
“As of now Rain has yet to make any statement about the incident.”
ZachXBT, blockchain sleuth
Decentralized exchange for cryptocurrencies
Decentralized exchange for cryptocurrencies An exploit was used against FixedFloat, causing the removal of almost $2.8 million from its hot wallet.
Additional monies were also transferred to the suspicious account using ETH, USDT, WET, DAI, and USDC. Stablecoins USDT and USDC were swiftly exchanged for ETH via a number of decentralized exchanges in order to prevent issuer asset freezes.
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Regardless of the latest security flaw, April saw the least amount of cybercrime-related harm since 2021. Cryptocurrency projects lost $25.7 million in total last month, according to CertiK.
With 11 occurrences of compromised private keys—one of the primary causes of hacking projects—the number fell by 141% from March.
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FAQs
Who is ZachXBT?
ZachXBT, a cryptocurrency trader and anonymous Twitter user, is well-known for disclosing influencer rug pulls and NFT projects. This detective signed up for Twitter in 2015.
Who is ZachXBT on Twitter?
In the cryptocurrency world, ZachXBT is well-known for his proficiency in on-chain analysis and his thorough investigations into possible frauds and wrongdoings in the industry. By using the alias @zachxbt on Twitter, he has established himself as a sort of digital detective or crypto vigilante, exposing dishonest behavior, bad actors, and questionable conduct in the cryptocurrency space.
ZachXBT, who is renowned for his painstaking attention to detail and remarkable capacity to monitor and trace digital assets throughout the blockchain, has been instrumental in exposing frauds and apprehending dishonest individuals. He has frequently been compared to the crypto equivalent of Batman, inspiring fear and responsibility in people and organizations with nefarious intent.What is ZachXBT’s influence on Twitter?
By sharing in-depth research on frauds, hacks, and unscrupulous influencers on Twitter, ZachXBT gives his followers advice on how to safeguard their cryptocurrency holdings.
Why is the ZachXBT coin ($ZACH) being used?
Trade with regulated crypto brokers
- Trade Bitcoin
- Bybit’s trading platform is easy to navigate, making it suitable for both beginners and experienced traders
