Hackers Behind AscendEX Breach Move $1.5M Ether to Uniswap

Hackers Behind AscendEX Breach Move $1.5M Ether to Uniswap
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Hackers Behind AscendEX Breach Move $1.5M Ether to Uniswap

Funds stolen during December’s hack of AscendEX have begun moving some stolen crypto to decentralized exchange Uniswap, according to on-chain veri first spotted by security research house PeckShield.

  • In December, hackers stole $77 million from AscendEX, mostly in ether, Binance Smart Chain token and MATIC.
  • So far 516 ether, worth around $1.5 million, have been sent to Uniswap.
  • Until recently, the funds have stayed largely dormant, before beginning to move early Friday morning U.S. time.
  • While many high-profile hacks have seen the funds being sent through a mixer protocol like Tornado Cash, sending the tokens to Uniswap would largely have the same effect.
  • Uniswap doesn’t have a KYC mechanism, thus tokens that go in would be mixed around with other tokens making them “clean” to the outside observer.
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