ICYMI: funds stolen from Ronin bridge are now actively moved by hacker hackers crypto $ETH
the sum. The only way to withdraw such a large amount of a digital asset in fiat is by using centralized exchanges with high liquidity and trading volume that would be able to process such a large volume.
But any centralized exchange will currently block funds tagged as stolen from the Ronin network. Thanks to the openness of blockchain technology, users are able to track the origin and the endpoint of each and every coin if it is not being"washed" through coin mixing solutions.Previously, numerous crypto-related projects, including exchanges, OTC trading platforms and DeFi solutions, told users that they will limit any funds tagged by the community as"stolen.
The second-biggest hack of approximately $600 million stolen from Poly Network was immobilized with the help of the blockchain and community, as almost every project in the space agreed to block any inflows from the tagged wallet. Besides the coordinated work of the blockchain community, the hacker was threatened with criminal prosecution.Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.
Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
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