Crypto Chaos: Mask Founder Loses $4 Million in Epic Hack

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CRYPTO CHAOS: Mask Founder Loses $4 Million in Epic Hack 🤯
Crypto Chaos: Mask Founder Loses $4 Million in Epic Hack

Oh honey, it’s just another day in the cryptoverse, where the only thing more plentiful than the hackers is the drama. And the latest victim of this never-ending cycle of cybercrime is none other than Mask founder Suji Yan. 🤦‍♂️

Yan confirmed the loss of $4 million worth of assets, because who needs that kind of cash, anyway? The stolen asset was swapped to Ethereum (ETH) and moved to multiple addresses, because why make it easy for the good guys, right? 🤑

Mask Founder Loses $4 Million In Crypto On His Birthday 🎉

One week after the Bybit hack, Suji Yan, founder of Web 3 browser extension Mask has confirmed the loss of $4 million worth of cryptocurrencies in a security breach. The attack was targeted at a public wallet on the phone of the Mask founder with early analysis pointing to an offline attack. Because who needs two-factor authentication, am I right? 🙄

In his confirmation, Yan says that the malicious transaction appears to be manual, taking place over 11 minutes. The mask founder is not ruling out the possibility of a private key leak, noting that the transactions happened during a bathroom break on his birthday. Because, priorities. 🎂

“I was in a private gathering with a dozen friends and my phone was away for some minutes when I was using the restroom,” said Yan. “I trust my friends but this a nightmare for everyone.” Yeah, because nothing says “nightmare” like losing $4 million on your birthday. 🎂

Attacker Moved Stolen Funds To Multiple Addresses 🤑

An early report by Web 3 security firm Cyvers disclosed that the Mask hack attacker moved several assets including ETH, USDT, WETH, and MASK to a single address. Upon receipt of the funds, the attacker converted the stolen funds to ETH and transferred them to six different addresses. Because, why make it easy to track, right? 🤑

The embattled Mask founder has announced an investigation into the theft, tapping SlowMist and ZachXBT to lead the recovery. Yan is also cooperating with law enforcement agencies to resolve the issue, pledging to reserve comments till a formal report is available. Because, you can’t have too many lawyers, am I right? 🤣

Unlike malicious code in Safe Wallet in Bybit’s hack, Yan says the attack is most likely an offline case involving a trust breach. Yeah, because that’s exactly what you want to hear from the guy who lost $4 million on his birthday. 🎂

“I hope if this is the offline case – you should confront me directly,” said Yan. “Crypto is not a dark forest and I will not let it be.” Oh, honey, it’s already a dark forest, and you’re just the latest victim. 🌑

Amid the security breaches, a massive BTC price dip is dampening the enthusiasm of investors as they scan the horizon for a rally. Because, who needs a rally when you can have a good old-fashioned crypto hack? 🤑

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2025-02-27 20:52