When Birthdays Go Wrong: A $4 Million Crypto Heist Unfolds!

by

In a world where shadows dance with the flickering light of digital currency, a most unfortunate event has transpired. The esteemed founder of Mask Network, Suji Yan, has found himself the victim of a most audacious heist, his account breached with the finesse of a cat burglar in the night. A suspicious address, like a thief in the dark, has made off with nearly $4 million in digital assets, only to swap them for ETH and scatter them across six different addresses, as if playing a game of hide and seek with the authorities. 🕵️‍♂️💰

Ah, the irony! Mask Network’s native token, MASK, has plummeted nearly 50% in the past three months, and this latest debacle threatens to plunge it further into the abyss. One might wonder if the universe itself is conspiring against the poor fellow. 😅

Hackers Target Mask Network Founder

The breach, a veritable tapestry of tokens, saw the suspicious address amass a collection that would make even the most seasoned collector envious: 113 ETH, 923 WETH, 301 ezETH, 156 weETH, 90 pufET, 48,400 MASK, 50,000 USDT, and 15 swETH. A veritable cornucopia of digital wealth! 🍀

Reports from the vigilant Web3 security firm Cyvers reveal that the hack unfolded with the swiftness of a well-rehearsed ballet. Following the initial acquisition of nearly $4 million worth of cryptocurrency, the hackers, like skilled magicians, converted the stolen assets to ETH, only to disperse them evenly to six separate addresses. A maneuver so cunning, it could make even the most hardened criminal nod in approval. 🎩✨

“Our system has identified a suspicious $4 million transfer linked to an address associated with Suji Yan, founder of Mask Network. The stolen assets were swiftly converted to ETH and dispersed across multiple addresses, indicating a well-coordinated laundering attempt. This incident underscores the increasing sophistication of threat actors in the Web3 space and highlights the urgent need for real-time transaction monitoring, preemptive prevention, and rapid incident response,” Meir Dolev, Co-founder & CTO at Cyvers, lamented to BeInCrypto. 📉

Mask Network, that noble bridge between the mundane world of social media and the lofty heights of blockchain technology, has yet to issue an official statement regarding this calamity. However, the beleaguered founder, Suji Yan, has taken to his social media to confirm the hack, revealing that it likely occurred during his birthday festivities. A most unfortunate coincidence, indeed! 🎂

In a moment of tragic irony, Yan suggested that the hack may have been an offline attack, as he was momentarily separated from his phone amidst the revelry. One can only imagine the horror of realizing that one’s trust in friends can lead to such a nightmare. 😱

In his own words, Yan recounted, “6 hours ago, I turned 29. About 3 hours ago, $4 million was stolen from one of my public wallets. All of the stolen transactions appear to have been manually transferred and lasted for more than 11 minutes. So, either my private keys were compromised on my birthday and the hacker manually moved the funds, or this could have been an offline attack. I was at a private party with a dozen friends and my phone was away from me for a few minutes, like when I went to the bathroom. I trusted my friends, but this situation is a nightmare for anyone.” A tragicomic tale, indeed! 🎭

Crypto hacks and scams have surged like a tide in the first two months of 2025. Just last week, North Korea’s Lazarus Group executed the largest hack in crypto history, the Bybit attack. Meanwhile, high-profile social media accounts are regularly compromised to promote dubious meme coins. The latest incident is but a drop in the ocean of chaos that has engulfed this industry. 🌊

Read More

2025-02-27 16:57