Reports have surfaced regarding the Bitrue Drainer, who allegedly pilfered $23.5 million worth of assets on April 14, 2023, making another significant sale in the past 24 hours.
This time, the individual unloaded 4,207 ETH for 16.34 million DAI at a price of $3,885 per ETH.
The stolen assets from Bitrue included 137,000 QNT valued at $17 million, 46.4 million GALA totaling $2 million, 172.55 billion SHIB equating to $1.91 million, 756 million HOT amounting to $1.54 million, 318 ETH valued at $640,000, and 310,071 MATIC valued at $352,000.
The #Bitrue Drainer sold 4,207 $ETH for 16.34M $DAI at $3,885 8 hours ago.#BitrueDrainer stole $23.5M assets on April 14, 2023, including:
137,000 $QNT($17M)
46.4M $GALA($2M)
172.55B $SHIB($1.91M)
756M $HOT($1.54M)
318 $ETH($640K)
310,071 $MATIC($352K)Then sold 137,000 $QNT… pic.twitter.com/Ptg5mbCB5C
— Lookonchain (@lookonchain) March 11, 2024
On April 14, 2023, the Bitrue Drainer initiated a series of sales, beginning with 137,000 QNT sold for 7,331 ETH, amounting to $14.75 million and causing a 9.5% decrease in the price of QNT.
Additionally, 46.4 million GALA were sold for 926 ETH ($1.86 million), 22.55 billion SHIB for 117 ETH ($236,000), and 310,071 MATIC for 170 ETH ($343,000).
Current Bitrue Holdings
Presently, the Bitrue Drainer holds 4,650 ETH ($17.68 million), 150 billion SHIB ($4.7 million), and 756 million HOT ($2.9 million).
The ongoing saga of the Bitrue Drainer continues to captivate the cryptocurrency community, with each transaction prompting speculation and analysis.
The recent sale of 4,207 ETH for 16.34 million DAI underscores the complexity of the situation and the significant financial impact on both Bitrue and affected users.
As investigations into the incident persist, stakeholders remain vigilant, hoping for a resolution that restores trust and stability to the affected platforms and their users.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Image Source: Max Bender/Unsplash // Image Effects by Colorcinch