ZachXBT says CoinSpot wallet lost approximately $2 million in cryptocurrency in possible hack

On-chain crypto sleuth ZachXBT posted on his Telegram channel that funds from two wallets associated with Australian cryptocurrency exchange CoinSpot may have been transferred by hackers, resulting in the loss of approximately $2 million in funds. ZachXBT pointed to two transactions as evidence. In one of the transactions, 1,262 ETH was transferred from CoinSpot’s wallet to a putative attacker’s address; in another transaction, 20.99 ETH was sent to the same address. According to Etherscan data, people who received these coins then exchanged them for WBTC, USDC, and USDT through Uniswap, THORchain, and WBTC smart contracts. CoinSpot was founded in 2014, according to Crunchbase data. So far, there have been no reports of a large-scale hack on the exchange. However, in December 2021, its users were targeted with phishing attacks. (The Block)