Hacker Funnels Illicit RocketSwap Gains Through DEX and CEX

• Hacker stole $865,000 from RocketSwap using various techniques.
• Stolen funds were laundered through ETH and transferred to different platforms.
• RocketSwap faced backlash for disabling communication and criticized for poor security measures.

The Ethereum address linked to the hacker behind the recent $865,000 theft of funds from decentralized exchange (DEX) RocketSwap has moved the stolen assets through various laundering techniques, according to blockchain tracker PeckShieldAlert.

#PeckShieldAlert #RocketSwap Exploiter-labeled address on #Ethereum has laundered ~169 $ETH into #TornadoCash, bridged ~86 $ETH to #Arbitrum & #BNBChain and then transferred them to #Binance (~347.9 $BNB & ~34 $ETH) & #OKX (~9K $USDT) and swapped ~2 $ETH for $TIP and transferred… pic.twitter.com/t3MIcvahD1

— PeckShieldAlert (@PeckShieldAlert) October 18, 2023

On August 14, RocketSwap was compromised when private keys were brute-forced, enabling the creation of memecoin LoveRCKT and the transfer of proceeds to Uniswap. The incident was initially believed to potentially be a rug-pull scam by developers.

Following the hack, PeckShieldAlert reported that 169 ETH was laundered t…

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