The on-chain sleuth Zach XBT is alleging that the indijski exchange Bitbns was hit by a $7.5 million hack last month but claims the exchange disguised it as “system maintenance.”
BeInCrypto contacted Gaurav Dahake, the Chief Executive Officer (CEO) of Bitbns, regarding the allegations. Dahake mentioned that they reached out to the na lancu sleuth and would clarify further in an Pitaj me bilo sta (AMA) sesija.
Bitbns Hacker Used Tornado Cash
When Bitbns shut down for “system maintenance,” its hot wallets experienced large withdrawals at the same time. A sizeable chunk of withdrawals was from the novčanik, "0x4960,” do “0x24f3.” A Twitter user’s customer support cvrkut to the exchange proves that 0x4960 was a Bitbns hot wallet.
Evidently, 0x24f3 sent funds to wallet 0x4895 and used Tornado Cash to withdraw the funds. Funds have been withdrawn from 0x4895 in batches of 100 Ethereum (ETH) for the last year. The najnoviji transaction was on Feb. 28 2023, for 3 ETH.
It is worth noting that BNS nadograđeni the contract to V3 roughly a week after the hack. The community has upitan the reason for the upgrade.
The CEO Gives Assurance
Lastly, Dahake potvrđeno in the AMA that their wallet was compromised. But, it coincided with the system maintenance and the upgrade to V3. He added that the company wanted to share the reports of the hack once the investigation was complete.
Source: https://beincrypto.com/bitbns-questioned-concealment-7-5m-hack/