A hacker with stolen 1,400 BTC from Electrum sent funds to Binance and they probably knows who it is

The identity of the mysterious hacker is likely to be revealed soon. He transferred his funds to the cryptocurrency exchange Binance, which threatens to be easily tracked.

Tracks lead to St. Petersburg

Github user wrote a forum post about losing 1400 BTC while hacking his Electrum wallet. He was supposed to come along with it when he updated to the latest version of one of the safest wallets.

According to data from the blockchain, part of the stolen funds found on Binance, which may lead to the detection of a hacker. There is also a certain probability that the thief comes from the Russian Federation. Specifically from St. Petersburg. This was due to the fact that the transactions from the attack were processed by the local node. But the attackers could use some tools to hide their identities. For example, a virtual private network.

Binance creator Changpeng Zhao also commented on the whole situation on the social network Twitter.

Not your code, not your funds. Beware of this Electrrum official update. This guy lost 1400 BTC, and plenty of others lost funds too.

He later added that he would block the addresses from the hack. It is not yet certain whether the largest crypto exchange in the world will also cooperate with the police.