Founder of the Altcoin that Elon Musk Boosted Hacked, 4 Million Stolen! - Coin Bulletin

robot
Abstract generation in progress

The account of Web3 project founder Suji Yan was hacked and approximately 4 million dollars worth of cryptocurrency was distributed to different addresses

Mask Network founder Suji Yan's account was hacked and approximately $4 million worth of cryptocurrency was transferred to a suspicious address. The stolen assets were converted to (ETH)ETH and distributed to six different addresses.

Blockchain security company Cyvers Alerts reported that Suji Yan's account was compromised and crypto assets were rapidly moved to different addresses. The attackers converted approximately 4 million dollars worth of cryptocurrency to Ethereum first and then distributed these funds to six different wallets.

Experts noted that attackers increasing the likelihood of obscuring their tracks by converting their assets to Ethereum. While the identity of the individuals behind the attack remains unknown, the incident has caused a stir in the cryptocurrency community.

Mask Network, known as an innovative platform bridging decentralized applications (dApp) and social media platforms. This attack on Suji Yan's account has raised questions about the project's security and future.

As research on the incident continues, no official statement has been made yet by Suji Yan or the Mask Network team. Such attacks in the cryptocurrency market once again highlight the importance of security measures and user awareness.

Famous billionaire Elon Musk's previous disclosure of plans for the future of Twitter brought a major rise not only to Dogecoin (DOGE) but also to the cryptocurrency Mask Network (MASK), whose name resembles his surname.

ELON-5.39%
MASK-5.9%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)