Express

VeChain Able To Locate And Freeze $6.1 Million Worth Of Stolen Vets

Ramsey Baker

Summary: The VeChain Foundation was hacked little over a week ago and had over 1.1 billion of their VET tokens stolen, Howevery, yesterday the company was able to locate and freeze $6.1 million worth of funds stolen by the thief. VeChain utilized cryptocurrency data analysis tools to compile a list of hundreds of wallets that have ...

The VeChain Foundation was hacked little over a week ago and had over 1.1 billion of their VET tokens stolen, Howevery, yesterday the company was able to locate and freeze $6.1 million worth of funds stolen by the thief.

VeChain utilized cryptocurrency data analysis tools to compile a list of hundreds of wallets that have received stolen funds from the hack. VeChain was able to contact all Authority Masternodes who voted to freeze the accounts. VeChain so far has stopped 469 addresses owned by the thief, which has frozen around 727 million VETs.

By Ramsey Baker

Last Update:

Tags: ,,,
Link: VeChain Able To Locate And Freeze $6.1 Million Worth Of Stolen Vets   [Copy]
Next:

Related Articles

  • S&P 500 Enters Key Turning Point Window; A Cautious "Wait-and-See" Approach is Adv... 15 hours ago
  • Why a "One-Size-Fits-All" Approach to Stablecoin Issuance Fails Given Diverse Fiat Curr... 2 days ago
  • BitFuFu’s VP on Mining Leadership, Corporate Crypto Treasuries, the Stablecoin Act, and... 6 days ago
  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 8 days ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 18 days ago

    • You need to login to comment.