In what is described as the largest flight in cryptocurrency, Ethereum worth $ 1.5 billion was stolen by stock market pirates based in Dubai last week. This exceeds the previous record previous of $ 620 million from Ethereum and USD Coin stolen in Ronin Network in 2022.
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Who made the last robbery is unknown, but Bybit assured his users that he would pay money not recovered from his own funds, even if it means taking a bridge loan. This can be a relief for the injury, although the chances of recovering the money seem slim.
Not that nothing can be done to draw it. Crypto detectives exist. Assisted by medico-legal software designed for this purpose, they exploit blockchain books to spot the transfer models that offer clues.
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The challenge, of course, is the anonymity of the ownership of the tokens (the “crypto” part), that is also why illegal transactions are often carried out in crypto and why thieves try to target those who do not want to report A flight.
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Whether or not the trails taken up by detectives present themselves as evidence in court remain largely not tested. Be that as it may, such news should serve a note of caution for the Indians who have started cryptography. It can be more risky than it seems.
