Crypto trader known by the nickname sillytuna said $24 M in aEthUSDC tokens was stolen after an attack that involved threats and physical pressure. According to him, the attackers forced him to transfer the funds, after which the assets were moved out of his wallet and routed through a series of transactions on the Ethereum network.
After gaining access to the funds, the attackers withdrew $24 M in aEthUSDC. The assets were then swapped into DAI and distributed across multiple wallets.
Mechanism of the Attack and Distribution of Funds
Blockchain analytics firm PeckShield traced the transactions and linked the incident to an address substitution technique — a scheme in which the victim is presented with a crypto address that visually resembles the legitimate one.
According to PeckShield, a significant portion of the funds remains on intermediary wallets controlled by the attackers. The total amount stored on these addresses exceeds $20 M in DAI.
Part of the funds moved through the Mayan Swift cross-chain bridge, after which the coins were swapped into USDC on the Arbitrum network. Analysts also recorded interaction with the Aave liquidity pool, which was used to carry out transactions involving DAI and derivative tokens.
Actions Taken by the Trader
sillytuna wrote that after the incident he intends to leave the crypto industry.
He also said he contacted the police, which has already launched an investigation into the incident. In addition, he asked the crypto community to help track the stolen funds. As an incentive, the trader promised a reward of 10% of the recovered amount for assistance in blocking transactions and returning the coins.
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