An unnamed Bitcoin consumer reportedly hacked hundreds of wallets purportedly managed by Russian security products and services, thieving coins and sending them to addresses belonging to Ukrainian volunteers engaged in the war.
According to a now-deleted report by on-chain information assessment business, Chainalysis, from Feb. 12, 2022, to March 14, 2022, a mysterious consumer reportedly accessed close to 1,000 bitcoin (BTC) addresses he claimed belonged to Russia’s security services.
In accordance to Chainalysis, the hacker utilized a element on the Bitcoin network termed OP_RETURN. It is a functionality that not only flags on-chain transactions as incorrect but can also be utilized to keep textual content, allowing consumers to broadcast messages and have them forever and immutably recorded.
The OP_RETURN functionality designates a transaction as invalid and burns any BTC it is made up of. Chainalysis stories that the unidentified consumer took advantage of the OP_RETURN purpose to demolish BTC really worth all around $300,000 by invalidating previously executed transactions.
Initially, the hacker only meant to burn up coins stolen from Russia’s security solutions. On the other hand, right after Russia invaded Ukraine, he evidently transformed strategies and started channeling resources to professional-Ukrainian groups engaged in the war.
A few hacked wallets linked to Russia
It is also alleged that the user sent messages in Russian to coin owners, reportedly accusing them of utilizing the very same addresses to pay back hackers.
Protection professionals are strongly convinced that Russian intelligence services often use hackers to have out a wide variety of missions. Nevertheless, these rumors have not been verified.
Chainalysis also pointed out that at least three of the wallets previously experienced founded connections to Russia. Just one reportedly compensated for servers applied in Russia’s disinformation operation through the 2016 United States presidential elections. Meanwhile, the other two have been linked to the SolarWinds attack.
The information evaluation agency claimed that the attacker did not always consider regulate of the wallets by hacking them. Instead, the “attack” may well have been an inside of occupation. Accordingly, the person who took over the cash may perhaps have been a former or existing employee of the Russian intelligence products and services.
Additionally, the probability that the hacker obtained private keys belonging to Russian-controlled addresses raises considerations about the soundness of the country’s crypto functions.
Chainalysis prompt that not only did the hacker’s action prevent Russia’s intelligence solutions from accessing individuals coins, but it also designed it a lot more challenging for them reuse the very same addresses in upcoming functions.
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