DOJ Charges Canadian National in $65M Crypto Heist, Fugitive Still at Large

In a shocking turn of events, a Canadian hacker has allegedly made off with a whopping $65 million by exploiting vulnerabilities in two decentralized finance (defi) platforms. The U.S. Department of Justice (DOJ) has indicted the hacker, but he remains at large, leaving many in the crypto community on high alert.

The Heist: How it Happened

According to the DOJ, the hacker targeted two defi platforms, taking advantage of weaknesses in their systems to steal the massive sum. The source indicated that the hacker used a combination of clever coding and social engineering tactics to gain access to the platforms’ funds. Once inside, he made off with the loot, leaving behind a trail of digital breadcrumbs for investigators to follow.

A Canadian hacker allegedly stole $65 million from two defi platforms, using crypto mixers to launder the funds. The DOJ has indicted the hacker, but he remains on the loose.

Laundering the Loot

The source explained that the hacker used crypto mixers, also known as “tumblers,” to launder the stolen funds. These services mix the stolen cryptocurrency with other coins, making it difficult to track the money’s origin. By using these mixers, the hacker hoped to cover his tracks and avoid detection. However, the DOJ has been working tirelessly to unravel the complex web of transactions and identify the hacker’s next move.

The Manhunt Continues

Despite the indictment, the hacker remains at large, and the DOJ is urging anyone with information to come forward. The source revealed that the agency is working closely with international partners to track down the suspect and bring him to justice. As the investigation continues, the crypto community remains on edge, wondering what other vulnerabilities may be lurking in the shadows, waiting to be exploited.

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One thing is certain: this brazen heist serves as a stark reminder of the risks and uncertainties of the crypto world. As the space continues to evolve, it’s clear that security and vigilance will be key to preventing similar incidents in the future.

Crypto Chaos: Canadian Hacker on the Loose with $65 Million

Source: Doj Charges Canadian National In 65m Crypto Heist Fugitive Still At Large | News.bitcoin.com

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