Recent blockchain analysis has found a connection between two major crypto hacks, BingX and Indonesia's largest crypto exchange Indodax. The hackers behind both breaches used the same wallet address for money laundering, indicating a potential link between the two events. The shared wallet address, "0x0c74c11443e60e011f884f547729127380ca1992," emerged as a critical piece of evidence connecting the hacks. The Indodax hack occurred on the Polygon network, while the BingX hack operated on the Binance Smart Chain. Both hackers employed sophisticated methods to obscure the flow of stolen assets. Indodax suffered a significant breach in September, with hackers stealing nearly $22 million in crypto assets. The link between the two hacks raises concerns about the increasing sophistication of cybercriminals targeting crypto exchanges, highlighting the need for enhanced security measures and cross-border cooperation to combat cybercrime.



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