Binance will return to users $345 000, bred by the Wine Swap fraudulent project

BINANCE Exchange will return crypto -acting users, who were trying to steal the organizers of the fraudulent project Defi Wine Swap, launched on Binance Smart Chain.

Binance gained control of 99.9% assets worth $ 345,000, which last month were stolen by the operator Automated Wine SWAP market marquer. This project was launched on the basis of Binance Smart Chain, And after attracting the required amount, the creator of Wine Swap closed the project within an hour and disappeared with users' money.

The organizer of the scheme has moved the funds to 19 tokens from Wine Swap addresses to a personal wallet - first from Binance Smart Chain to Binance Chain, and then to the Ethereum blockchain. The attacker managed to send part of the tokens to two trading platforms, as well as the Binance Bridge service, which provides a liquidity flow between blockchains for decentralized applications, working on Binance Chain and Binance Smart Chain.

Binance Security Service was able to track these transactions and establish the identity of the fraudster. By that time, he had already managed to exchange almost all tokens in stablcoins, ETH, BNB и LIDE. However, the criminal agreed to return the stolen assets after Binance contacted him.

Exchange specialists, Analyzing transactions with Wine SWAP, were able to determine user addresses, fraudster affected by the actions. Besides, Binance employees were able to accurately calculate, What amount should each of these users be returned. Funds will be returned to the addresses of the victims within a few days.

Recall, that in August, Binance helped law enforcement agencies to find hackers, washed $42 Milln through cryptocurrencies. Also known, that Binance previously contributed to the British police in investigating fraud, losses from which $51 million.