Blockchain analysts detect $4.6m from Duelbits crypto heist.

The suspicious address received $4.6 million from Duelbits wallets on the Ethereum and BNB chains. Cyvers CEO Deddy Lavid shared early insights from the company’s investigation exclusively with crypto.news. 

The incident’s root cause seems to be loss of wallet access control. It usually means that the private keys or access credentials to the wallet have been exposed or stolen.

The suspicious address converted various tokens into Ethereum. Hackers commonly use this tactic to consolidate assets into a more liquid and widely accepted cryptocurrency, making it easier to launder or hide the trail.

Additionally, assets on the BNB chain were bridged to Ethereum. This further indicates an attempt to move assets across platforms to obscure their origin.

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