Hacker moves over $1.5 Million in ETH from AscendEx to Uniswap

Some of the stolen assets have begun to be moved to Uniswap by the hackers behind the AscendEx attack.

Over $1.5 Million of ETH From the AscendEx Hack Moved to Uniswap
Crypto Hackers

The unidentified hackers have moved about $1.5 million worth of Ethereum to Uniswap in their initial attempts to launder the money two months after attacking the crypto exchange AscendEx (previously Bitmax).

The three-year-old digital crypto exchange was the latest victim of a security vulnerability, as revealed in mid-December.

According to early estimates, the entire amount swiped was around $80 million in Ethereum (ETH), Binance Coin (BNB), and Polygon (MATIC).

The recipients of the monies were promptly banned, and there was little to no activity until today. However, PeckShield, a blockchain security firm, has discovered activity emanating from one of the Ethereum addresses.

In their initial attempts to launder the cash, the hackers transmitted around $1.5 million worth of ETH to Uniswap.

Because Uniswap is a decentralized exchange, it has no KYC requirements, which means that criminals can mix their currencies and move them to other addresses without being tracked.

For security considerations, AscendEx halted all withdrawals and deposits after the attack, and it took the exchange just over a week to restore all services.