The post Crypto Hack: CertiK Warns After $2

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The Victim asks for Negotiation

What makes this case unusual is what happened next. CertiK’s data shows that both compromised wallets sent an on-chain message to the receiving address, asking whether negotiation was possible. 

This suggests the transfers were not intentional trades, but likely the result of a security breach where wallet access was lost.

Sharp Warning For Crypto Users

This incident once again highlights the growing risks around wallet security. Even without smart contract exploits, attackers can drain funds using compromised private keys, phishing links, or malicious approvals.

Meanwhile, some experts have started closely monitoring and flagging the wallet address, even though recovering the stolen funds may not be possible.”

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FAQs

Who is most affected by incidents like this, and why does it matter beyond the victim wallets?

Retail users, traders, and protocols interacting with compromised wallets can face indirect losses if funds move through shared platforms. Such incidents also undermine confidence in self-custody, a core principle of crypto adoption.

Can exchanges or authorities intervene once funds enter a privacy mixer?

Once assets pass through a mixer, tracing becomes significantly harder, limiting the ability of exchanges or law enforcement to freeze funds. Intervention is most effective before mixing occurs.

What happens next after an on-chain incident is publicly flagged?

Security firms and analysts continue monitoring related addresses for future movements. The affected parties often rotate wallets, review access points, and strengthen operational security to prevent repeat breaches.