Crypto Trader Loses $24M in Violent Raid – Watch the Rafting Stolen Stablecoins Reveal All

by

Crypto Holder Targeted in Violent Attack as $24M in Stablecoins Is Drained

A recent violent attack on cryptocurrency trader Sillytuna highlights a worrying trend: criminals are increasingly targeting individuals who hold crypto, rather than trying to hack the underlying technology.

A cryptocurrency trader, known online as Sillytuna, suffered a loss of over $24 million in digital assets following a physical attack. The attacker reportedly forced Sillytuna to hand over access to their online wallets, which contained a significant amount of stablecoins. The funds were quickly transferred through multiple blockchain addresses. Authorities and blockchain experts are currently tracking the stolen assets, and the crypto community is working to prevent further movement of the funds.

Attackers Distribute Stolen Crypto Funds Across Wallets to Slow Tracking Efforts

Sillytuna is a frequent user of decentralized finance, especially the Aave platform. The majority of the stolen funds were AUSD stablecoins linked to their investments in DeFi. The attackers quickly moved these assets from Sillytuna’s wallets after gaining unauthorized access.

$24 million dollar theft of AUSD from 0x6fe0fab2164d8e0d03ad6a628e2af78624060322

Involved violence, weapons, kidnapp and rape threats. Obvs police involved.

Please pass on to all those who trace such things.

And now… definitely out of crypto. ****ers.

Still have limbs,…

— Sillytuna (@sillytuna)

Experts noticed the unusual transactions right away. They started watching where the money was going, and authorities were immediately notified about what was happening.

Approximately $20 million worth of DAI, a popular stablecoin used in decentralized finance, ended up in two digital wallets connected to the theft. Because DAI works well with privacy tools like Tornado Cash, it’s harder to track and recover the stolen funds.

Initial analysis of the attack reveals the perpetrator divided the stolen funds across several wallets. This tactic of fragmenting assets into smaller amounts is commonly used to hinder tracking and make it more difficult to recover the funds.

The investigation revealed approximately $1.1 million in Bitcoin linked to the hack, held in a separate digital address. Some of the stolen funds were moved through the Wagyu bridge, enabling them to be transferred to the Arbitrum network.

Researchers reached out to various cryptocurrency platforms, asking them to block addresses linked to the recent attack. They also contacted Hyperliquid, requesting they freeze any related funds. It’s currently unclear if these requests were fulfilled or if any restrictions have been put in place.

Funds Sit Idle as Researchers Watch for Laundering Attempts

The creator of Wagyu has publicly stated that the bridge will never freeze funds. They also mentioned that, like Railgun, certain addresses might be blacklisted.

After the hackers initially moved the stolen crypto, things slowed down considerably. It looks like only a tiny amount actually went through the Wagyu bridge before all activity just stopped. It’s like they hit a wall, which is… odd, to say the least. As an investor, I’m hoping this pause means authorities are closing in.

Arkham Intelligence reports that a significant portion of the stolen DAI cryptocurrency is still held in the wallets originally used in the hack. Experts suggest the hacker might be intentionally transferring the funds gradually to avoid detection.

North Korean hackers typically try to quickly hide the money they steal by moving it through several different services.

It’s now easier for criminals to steal from people directly than to hack complicated smart contracts. Publicly known crypto traders and influencers are especially vulnerable because their digital asset holdings are often visible on the blockchain.

Sillytuna Offers 10% Bounty as Investigators Track Wallets Linked to $24M Theft

Sillytuna is offering a reward – 10% of the stolen amount – to anyone who can recover the cryptocurrency. Investigators are tracking the funds by sharing wallet addresses across different platforms, hoping to stop the thieves from moving the money.

Blockchain records connect the receiving wallets to a previously identified scam address – one that starts with “0xbeef.” This wallet has been involved in fraudulent activities like rug pulls and deploying harmful software contracts in the past.

This situation highlights what blockchain tracking can and can’t do. While it’s easy to follow the flow of funds using blockchain analysis, decentralized systems usually don’t have established procedures for stopping the use of stolen money.

Read More

2026-03-05 20:16