ZachXBT: An entity is suspected to have had approximately $2.84 million stolen by North Korea-linked group SquidSquad.

According to ZachXBT’s monitoring, an institutional entity was allegedly hacked by North Korea-linked group SquidSquad on BNB Smart Chain (BSC) on October 8, with approximately $2.84 million stolen. Per its tracking, the attacker deposited 1,111.2 ETH into Tornado Cash on October 20, then withdrew the funds to three addresses, before cross-chain transferring the assets from Ethereum to Tron via USDT and aggregating them into two addresses. All of the aforementioned aggregation addresses have financial ties to addresses previously attributed to North Korean actors. The funds then flowed through intermediate addresses to an over-the-counter (OTC) platform within minutes. ZachXBT believes this move may be aimed at evading potential Tether fund freezes.