Key Points:
On August 22nd, the attacker behind the zkSync ecological lending protocol EraLend has initiated a noteworthy move, transferring approximately 410.8 ETH to a CEX. This transfer amounts to about 31% of the total stolen funds, marking a significant shift in the dynamics of this cyber incident.
The attack, which has been previously reported, involved a manipulation of the oracle machine’s price by the attacker. This manipulation led to the utilization of the USDC mining pool, ultimately resulting in losses of approximately $2.76 million.
With this recent transfer of 410.8 ETH, roughly equivalent to $757,000 in US dollars, to a CEX, the attacker’s motives and strategies come into sharper focus. This transfer accounts for a substantial portion of the stolen funds, potentially signaling a step toward cashing out or further diversification of the stolen assets.
As EraLend grapples with the aftermath of the attack, the situation underscores the ever-present challenges of security within the cryptocurrency landscape. Incidents like these highlight the importance of robust security measures and proactive responses by both platforms and the broader community.
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