Wallets linked to the Drift exploiter sent another 18,800 ETH (about $46 million) to Tornado Cash on Wednesday, bringing the two-day total to 44,510 ETH, or $109 million, according to Onchain Lens. These transfers account for nearly 37% of the $295 million stolen from the Solana-based DEX in April, making the funds harder to trace. The labelled wallets still hold 56,569 ETH, worth about $138 million, per Arkham data. DefiLlama ranks the attack as this year's third-largest crypto hack, and security consultant Mandiant attributed it to a North Korean threat group.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Cointelegraph ↗
Keywords
cryptocybersecurityNorth Korea
Open a keyword to see other news on the same topic.
Related tickers and likely impact
ETH/USDT
▼ Likely negativeEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $294.2B |
| Close on 10/20/2026 | 2,449.20 |
| Change that session | +1.71% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Big Tech's eMudhra fixes may leave crypto bots exposed, CertiK warns
CertiK says crypto trading bots and exchange apps may remain exposed to the eMudhra certificate flaw even though Google, Apple and Microsoft have blocked eight vulnerable certificates issued by India's eMudhra. Many applications outside the browser ecosystem do not enforce Certificate Transparency or receive the same revocation protections, so browser fixes may not cover them. Attackers could use compromised certificates to impersonate HTTPS connections to exchanges, wallets and APIs, replacing deposit addresses or tricking users into approving malicious transactions, though this would also require intercepting or redirecting users' traffic. CertiK urges operators to update their software and certificate trust stores and verify that their applications reject the affected certificates.
- Qubic restarts blockchain, opens recovery claims after $1.4M hack
Layer-1 blockchain Qubic restarted its network and opened a recovery process after an attacker drained roughly $1.4 million in QU tokens from 1,404 accounts by exploiting predictable wallet seeds. The network was halted on Sunday to stop stolen funds from moving and resumed processing on the evening of Oct. 19. Its validators, known as Computors, approved the recovery plan, and affected users can check their address and file claims until May 1, 2027. The flaw came from an insecure random-number generator in Qubic's web wallet on certain Apple devices and browsers, and the project says wallets created before version 4.26.4 should be treated as insecure, with users advised to update, create a new wallet and move their funds.
- Wallet Linked to Drift Exploit Sends $61 Million in Ethereum to Tornado Cash
Wallets linked to Drift's April 1 exploit moved about 25,700 Ethereum, worth roughly $61.56 million, into the Tornado Cash mixer over about two hours on Tuesday. Arkham data shows 71 addresses tied to the attacker still hold 81,454 ETH, worth about $198.58 million, after an earlier 23,095 ETH transfer in July. The attacker gained admin powers, introduced a fake token and used it to borrow real liquidity from Drift's Solana vaults, in an exploit totaling $295 million. Drift opened claims for its DFX recovery token on Oct. 1, and early redeemers received roughly 0.0104 USDT per token, about a penny per dollar lost.
- Drift exploiter sends $61M ETH to Tornado Cash, holds $194M
A wallet linked to the Drift Protocol hack sent about $61 million in Ether (ETH) to Tornado Cash, a mixer that obscures transaction trails, according to Lookonchain. The wallet deposited 25,700 ETH over two hours on Tuesday, after two months of inactivity. Arkham data shows the exploiter's addresses still hold about 81,454 ETH, worth roughly $194 million. Drift, a Solana-based decentralized exchange, reported about $295 million in losses from the April 1 hack, which Mandiant later attributed to the North Korean threat group UNC6862. DefiLlama ranks it as the third-largest crypto hack of 2026.
- Bitget plans Thai crypto exchange acquisition weeks after $388M hack
Crypto exchange Bitget has announced plans to acquire Thailand's GMO-Z.com Cryptonomics, operator of Z.com EX, through BTGT Management (Thailand), to expand in Southeast Asia and enter Thailand through a locally licensed operator. GMO Internet disclosed the sale in a September 24 filing, targeting completion on October 31, subject to regulatory approval and other conditions. The deal follows a September 24 attack on Bitget's hot and warm wallets, which affected about $388 million after attackers exploited a vulnerability in a third-party security product to issue fraudulent withdrawals. Bitget said customer account balances were unaffected and that it completed the phased restoration of withdrawals by October 2. The company did not disclose its interest in BTGT Management or the deal's financial terms.
- Qubic freezes chain after attacker drains 1.4K wallets with weak seeds
Layer-1 blockchain Qubic halted its network after an attacker exploited weakly generated wallet seeds to drain about $1.4 million from more than 1,400 accounts, according to the project. The vulnerability affected wallets created with any browser on iPhone or iPad, Safari on Mac until Oct. 18, 2026, or the Qubic iOS app before July 2025, with 2.94 trillion QU stolen. Qubic says 87.1% of the funds remain frozen on its network, while 12.9% was sent to MEXC, whose team froze the receiving account within about an hour. The team has fixed the flaw in web wallet version 4.26.4, is identifying affected wallets, and will let Computors vote on a recovery plan; no restart date has been announced. The article links the incident to a series of weak-seed attacks in recent years.
Related markets
Latest news
- Amazon (AMZN): Can Custom AI Silicon Outpace Capex Commitments?
Amazon opened its Trainium AI chips to every PyTorch developer, letting engineers run existing code on its own hardware without rewriting it. The chips business is selling at an annual pace above $25 billion, and AWS sales grew 37% in the second quarter, up from 17% a year earlier, while CEO Andy Jassy said the AI business has also passed a $25 billion annual run rate. Anthropic and OpenAI have made multi-year commitments to Trainium. However, AI-related spending pushed free cash flow to an outflow of $7.6 billion over the past 12 months, versus an inflow of $18.2 billion a year earlier, and long-term debt rose to $128.9 billion from $65.6 billion at the end of last year. Second-quarter operating income rose 43% to $27.5 billion, but the article says the stock now depends on AWS demand lasting long enough for cash flow to recover.
- Anthropic Has Locked In Over $600 Billion of Computing, More Than Intel Is Worth. It Still Wants More and That’s Big News for AMD.
Ahead of its IPO, Anthropic has committed more than $600 billion to computing, more than Intel's $484.7 billion market value, according to leaked reports of its S-1 filing. The article cites three different totals: $518 billion of signed commitments (Reuters, late September), above $600 billion (Crypto Briefing), and a possible $750 billion of extra computing spending over several years (Wall Street Journal). Anthropic reportedly brought in $16.3 billion of revenue in the first half of 2026 but posted an $80.7 billion net loss, mostly from accounting charges. AMD said Anthropic will deploy up to 2 gigawatts of its MI450 GPUs starting in the first half of 2027, and AMD's second-quarter revenue rose 50.1% to $11.54 billion, with Data Center revenue up 107% to $6.72 billion. The article says the risks center on Anthropic's hard-to-cancel commitments, its losses and its dependence on an IPO, and notes AMD trades at a P/E of 201.
- AI bottlenecks 'keep shifting': Nvidia CEO Jensen Huang explains
Nvidia CEO Jensen Huang, speaking with Deirdre Bosa at Nvidia GTC Berlin, said AI bottlenecks keep shifting, moving from wafers to CoWoS, HBM memory, silicon photonics and connectors, and now to power. He said power is often available, but land, power shells, generator delivery, grid connections and construction limits create the problem, and permitting rules differ across countries and states. Huang argued Nvidia is resilient because it supports every AI model, cloud provider and computer company across every country, so it can ship chips wherever a bottleneck is resolved. He expected these physical bottlenecks to persist for a couple more years as AI factories ramp up.
- Nvidia (NVDA) Is Trading Like Growth Will Stop. The Numbers Say Otherwise.
A hotter-than-expected inflation report pushed Nvidia down more than 3% in one session, as investors worried about interest rate hikes that would raise borrowing costs for companies building AI data centers. Fiscal second-quarter revenue still reached $96.2 billion, up 106%, with data center sales up 117%, and the company guided fiscal third-quarter revenue to $108.0 billion, plus or minus 2%, excluding data center compute sales to China. Gross margin was 75.0% in the quarter. The article's main question is whether Nvidia's customers can keep paying for chips, pointing to CoreWeave's sharp drop after its bond yield chart spread online and the doubts it raised about its heavy debt. Nvidia has announced financing partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR aimed at bringing more than $500 billion of outside capital into AI infrastructure over time, though definitive agreements are still needed.
- Bitcoin price tags $84.6K as US stocks head higher on SpaceX Q3 earnings beat
Bitcoin rose nearly 2% to $84,600, its first time at that level since Oct. 7, as US stocks gained after SpaceX reported third-quarter revenue of $14.6 billion, up 161% year over year and beating expectations by nearly 15%. SpaceX also posted net income of $4.4 billion, and analysts at Truist Securities said its results helped calm fears over corporate spending on AI buildouts. The tech-heavy Nasdaq Composite rose 0.7% early in the session before giving back some gains, while South Korea's KOSPI finished 3.29% higher at 5,735 points. Rekt Capital said Bitcoin needed a daily close above $83,400 to shift focus higher, and that a rejection there could send price below $82,500.
- Bybit will look for big broker partnerships to take on Robinhood in the U.S.
Bybit CEO Ben Zhou said the exchange plans to enter the U.S. through a partnership with an established local firm, such as Interactive Brokers, rather than pursue state-by-state licenses that could take two to three years. He noted Bybit, which has over 80 million registered users in more than 180 countries and regions, has a clean U.S. record and would wait for the Clarity Act or a clearer federal regulator before moving rather than rushing in. Zhou described the U.S. as competitive and saturated, and pointed to the U.K. as a relatively untapped market with a new crypto regime and no dominant global exchange, though entry costs are very high. Bybit also plans to launch an everything app offering derivatives and tokenized stocks in Europe as early as the first quarter of next year.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.