{"id":25083,"date":"2024-07-15T13:30:35","date_gmt":"2024-07-15T10:30:35","guid":{"rendered":"https:\/\/coinengineer.io\/?p=25083"},"modified":"2024-07-15T09:46:08","modified_gmt":"2024-07-15T06:46:08","slug":"hackers-launder-35m-from-dmm-bitcoin-heist-via-cambodian-marketplace","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/hackers-launder-35m-from-dmm-bitcoin-heist-via-cambodian-marketplace\/","title":{"rendered":"Hackers Launder $35M from DMM Bitcoin Heist via Cambodian Marketplace"},"content":{"rendered":"<p>According to reports, the hackers behind the<strong> $305 million<\/strong> <strong>DMM<\/strong> Bitcoin exchange attack in May had laundered more than $35 million this month via an online marketplace in <strong>Cambodia<\/strong>. Blockchain forensics company Elliptic on July 10 said that bitcoin investigator ZachXBT claimed the pilfers went to Huione Guarantee, a business connected to Cambodia&#8217;s governing Hun family.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/hackers-launder-35m-from-dmm-bitcoin-heist-via-cambodian-marketplace\/#Laundering_Techniques_and_Connections\" title=\"Laundering Techniques and Connections\">Laundering Techniques and Connections<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/hackers-launder-35m-from-dmm-bitcoin-heist-via-cambodian-marketplace\/#Tethers_Intervention\" title=\"Tether&#8217;s Intervention\">Tether&#8217;s Intervention<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/hackers-launder-35m-from-dmm-bitcoin-heist-via-cambodian-marketplace\/#influence_on_DMM_Bitcoin\" title=\"influence on DMM Bitcoin\">influence on DMM Bitcoin<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Laundering_Techniques_and_Connections\"><\/span>Laundering Techniques and Connections<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Elliptic reported that from many illegal operations, including hacks and frauds, Huione Guarantee has transacted around $11 billion worth of cryptocurrency. ZachXBT speculates that comparable laundering methods and off-chain signs may point to the infamous Lazarus Group, a North Korean cybercrime group, perhaps responsible for the DMM Bitcoin attack.<\/p>\n<p>The hackers have been laundering the pilfers of Bitcoin into privacy mixers, then withdrawing and bridging the money to Ethereum or Avalanche via THORChain. Before being sent to Huione, the converted money is once again transferred into USDT and linked to Tron.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tethers_Intervention\"><\/span>Tether&#8217;s Intervention<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Tether<\/strong> intervened on July 12 by blacklisting a Tron wallet address, &#8220;TNVaK&#8230;s4Ug8,&#8221; therefore stopping $28.2 million from being sent to Huizen. ZachXBT claims that this wallet had already taken over $14 million from the DMM Bitcoin heist over three days.<\/p>\n<p>ZachXBT also provided 538 wallet addresses connected to the Lazarus Group, Huione, and others tied to the breach.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"influence_on_DMM_Bitcoin\"><\/span>influence on DMM Bitcoin<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>After a crucial flaw was discovered on May 30, enabling hackers to access the exchange&#8217;s systems and syphon off money, Japan-based DMM Bitcoin lost a staggering $305 million in Bitcoin. DMM Bitcoin then raised $320 million a week later to pay impacted consumers.<\/p>\n<p>Blockchain security company Cyvers reports that as of yet in 2024, over $1.4 billion worth of cryptocurrencies had been stolen. With losses rising by 900% over the previous 12 months, centralized exchanges have become a main focus for hackers.<\/p>\n<p>Cyvers saw a notable change in attack routes; centralized exchanges handle most of the key events while decentralized finance (DeFi) systems have showed better resistance.<\/p>\n<p><i><span style=\"font-weight: 400\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our <\/span><\/i><a href=\"https:\/\/t.me\/coinengineernews\"><i><span style=\"font-weight: 400\">Telegram, <\/span><\/i><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\"><i><span style=\"font-weight: 400\">YouTube<\/span><\/i><\/a><i><span style=\"font-weight: 400\">, and <\/span><\/i><a href=\"https:\/\/twitter.com\/coinengineers\"><i><span style=\"font-weight: 400\">Twitter<\/span><\/i><\/a><i><span style=\"font-weight: 400\"> channels for the latest <\/span><\/i><a href=\"https:\/\/coinengineer.net\/blog\/news\/\"><i><span style=\"font-weight: 400\">news<\/span><\/i><\/a><i><span style=\"font-weight: 400\"> and updates.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to reports, the hackers behind the $305 million DMM Bitcoin exchange attack in May had laundered more than $35 million this month via an online marketplace in Cambodia. Blockchain forensics company Elliptic on July 10 said that bitcoin investigator ZachXBT claimed the pilfers went to Huione Guarantee, a business connected to Cambodia&#8217;s governing Hun<\/p>\n","protected":false},"author":6,"featured_media":25086,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[7378,7379,1201],"class_list":["post-25083","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-cambodia","tag-dmm-bitcoin-heist","tag-hack"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hackers Launder $35M from DMM Bitcoin Heist via Cambodian Marketplace - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/hackers-launder-35m-from-dmm-bitcoin-heist-via-cambodian-marketplace\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hackers Launder $35M from DMM Bitcoin Heist via Cambodian Marketplace - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"According to reports, the hackers behind the $305 million DMM Bitcoin exchange attack in May had laundered more than $35 million this month via an online marketplace in Cambodia. Blockchain forensics company Elliptic on July 10 said that bitcoin investigator ZachXBT claimed the pilfers went to Huione Guarantee, a business connected to Cambodia&#8217;s governing Hun\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/hackers-launder-35m-from-dmm-bitcoin-heist-via-cambodian-marketplace\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-15T10:30:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-15T06:46:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/07\/bitcoin-heist.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1792\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/hackers-launder-35m-from-dmm-bitcoin-heist-via-cambodian-marketplace\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/hackers-launder-35m-from-dmm-bitcoin-heist-via-cambodian-marketplace\/\",\"name\":\"Hackers Launder $35M from DMM Bitcoin Heist via Cambodian Marketplace - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/hackers-launder-35m-from-dmm-bitcoin-heist-via-cambodian-marketplace\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/hackers-launder-35m-from-dmm-bitcoin-heist-via-cambodian-marketplace\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/07\/bitcoin-heist.webp\",\"datePublished\":\"2024-07-15T10:30:35+00:00\",\"dateModified\":\"2024-07-15T06:46:08+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\"},\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/hackers-launder-35m-from-dmm-bitcoin-heist-via-cambodian-marketplace\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/hackers-launder-35m-from-dmm-bitcoin-heist-via-cambodian-marketplace\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/hackers-launder-35m-from-dmm-bitcoin-heist-via-cambodian-marketplace\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/07\/bitcoin-heist.webp\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/07\/bitcoin-heist.webp\",\"width\":1792,\"height\":1024,\"caption\":\"bitcoin heist\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/hackers-launder-35m-from-dmm-bitcoin-heist-via-cambodian-marketplace\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Hackers Launder $35M from DMM Bitcoin Heist via Cambodian Marketplace\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\",\"name\":\"Tanju Akb\u0131y\u0131k\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"caption\":\"Tanju Akb\u0131y\u0131k\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/cetanju\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Hackers Launder $35M from DMM Bitcoin Heist via Cambodian Marketplace - Coin Engineer","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/hackers-launder-35m-from-dmm-bitcoin-heist-via-cambodian-marketplace\/","og_locale":"en_US","og_type":"article","og_title":"Hackers Launder $35M from DMM Bitcoin Heist via Cambodian Marketplace - Coin Engineer","og_description":"According to reports, the hackers behind the $305 million DMM Bitcoin exchange attack in May had laundered more than $35 million this month via an online marketplace in Cambodia. Blockchain forensics company Elliptic on July 10 said that bitcoin investigator ZachXBT claimed the pilfers went to Huione Guarantee, a business connected to Cambodia&#8217;s governing Hun","og_url":"https:\/\/coinengineer.net\/blog\/hackers-launder-35m-from-dmm-bitcoin-heist-via-cambodian-marketplace\/","og_site_name":"Coin Engineer","article_published_time":"2024-07-15T10:30:35+00:00","article_modified_time":"2024-07-15T06:46:08+00:00","og_image":[{"width":1792,"height":1024,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/07\/bitcoin-heist.webp","type":"image\/webp"}],"author":"Tanju Akb\u0131y\u0131k","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tanju Akb\u0131y\u0131k","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/hackers-launder-35m-from-dmm-bitcoin-heist-via-cambodian-marketplace\/","url":"https:\/\/coinengineer.net\/blog\/hackers-launder-35m-from-dmm-bitcoin-heist-via-cambodian-marketplace\/","name":"Hackers Launder $35M from DMM Bitcoin Heist via Cambodian Marketplace - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/hackers-launder-35m-from-dmm-bitcoin-heist-via-cambodian-marketplace\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/hackers-launder-35m-from-dmm-bitcoin-heist-via-cambodian-marketplace\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/07\/bitcoin-heist.webp","datePublished":"2024-07-15T10:30:35+00:00","dateModified":"2024-07-15T06:46:08+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546"},"breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/hackers-launder-35m-from-dmm-bitcoin-heist-via-cambodian-marketplace\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/hackers-launder-35m-from-dmm-bitcoin-heist-via-cambodian-marketplace\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/hackers-launder-35m-from-dmm-bitcoin-heist-via-cambodian-marketplace\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/07\/bitcoin-heist.webp","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/07\/bitcoin-heist.webp","width":1792,"height":1024,"caption":"bitcoin heist"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/hackers-launder-35m-from-dmm-bitcoin-heist-via-cambodian-marketplace\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"Hackers Launder $35M from DMM Bitcoin Heist via Cambodian Marketplace"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546","name":"Tanju Akb\u0131y\u0131k","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","caption":"Tanju Akb\u0131y\u0131k"},"url":"https:\/\/coinengineer.net\/blog\/author\/cetanju\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/25083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=25083"}],"version-history":[{"count":1,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/25083\/revisions"}],"predecessor-version":[{"id":25087,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/25083\/revisions\/25087"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/25086"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=25083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=25083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=25083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}