Elliptic: "Bitcoins stolen from the KuCoin exchange went through the ChipMixer"

Elliptic analysts tracked the movements of bitcoins, stolen during the hacking of the Kucoin exchange in September. Attackers transferred coins to the chipmixer mixer.

Chipmixer is one of the mixing services, allowing various users of cryptocurrencies to hide The origin of the funds. Senior researcher and co -founder Elliptic Tom Robinson (Tom Robinson) told:

“Kucoin acts began to move stolen bitcoins. The process is still ongoing, But from 1 008 stolen BTC, 425 Coins were transferred to the chipmixer mixing service. Movements began on Monday morning ".

The ChipMixer service allows users to list bitcoins and in return to receive a similar number of "chips". Then these chips can be used for "bets" - in case of winning, their number is doubled, either they leave the service. You can also sacrifice chips.

“Even if the analysis of the blockchain gives an idea of, that you transferred funds to the service, no one can predict how much you lost or won on bets, And how much they donated ", - noted in the documentation of the service.

Recall, that as a result of hacking, the Kucoin exchange has lost more $280 Milln in various cryptocurrencies and tokens. Many projects and protocols brought stolen tokens from circulation and froze them. Besides, reported, that the exchange team discovered hackers.