Slope Wallet hacker bridged funds to TRON, cashed out through OTCs
Blockchain sleuth ZachXBT says Slope Wallet founder Leal Cheung created a new project immediately after the hack. Victims of Slope Wallet hack, which suffered a $4 million loss in August 2022, are “unlikely” to see anything returned given that the team behind the project took no responsibility. A well-known blockchain investigator ZachXBT wrote in an X thread on Oct. 11, that the hacker successfully transferred the stolen crypto from Solana to Ethereum through “Binance nested exchanges.” Later, the bad actor laundered the funds through Tornado Cash, a sanctioned crypto mixer built on the Ethereum blockchain. 1/ What happened to the funds from the @slope_finance $4M hack? Here’s my Analysis tracing the latest movements in 2023 and where the stolen funds ended up going. pic.twitter.com/6gVnqhYaiP — ZachXBT (@zachxbt) October 10, 2023 Trying to cover up the traces, the hacker bridge d the laundered crypto between Ethereum and TRON using SWFT, a cros...