AMLBot said on Oct. 2 that the suspected Bitget exploiter appears to have confused Ethereum and Arbitrum twice while moving stolen funds, leaving roughly $700,000 blocked in the process. According to the blockchain anti-money laundering platform, about 267,000 USDC was sent to a Chainflip deposit channel on the wrong chain, and the address involved was later blacklisted by Circle. In a separate transfer, about 160 ETH, valued by AMLBot at around $430,000, was bridged to Arbitrum and then sent to a channel that exists only on Ethereum, leaving the funds stuck. AMLBot said the two transactions may have been carried out by an automated script. The account was published by BlockBeats as a market analysis update.
Blockchain anti-money laundering platform AMLBot said on Oct. 2 that the suspected Bitget exploiter appears to have mixed up Ethereum and Arbitrum twice while moving stolen funds, leaving about $700,000 blocked.
Two transfers appear to have been trapped by chain confusion
According to AMLBot, roughly 267,000 USDC was sent to a Chainflip deposit channel on the wrong chain. The address involved was later blacklisted by Circle.
In another transaction, about 160 ETH, which AMLBot valued at around $430,000, was bridged to Arbitrum and then sent to a channel that exists only on Ethereum. The funds are currently stuck.
AMLBot says an automated script may be behind the transfers
AMLBot said the two transactions may have been executed by an automated script.
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