Unveiling the PrismaFi Hacker: ZachXBT's Crypto Detective Work Exposes $11M Theft

Blockchain sleuth ZachXBT has successfully identified and exposed the alleged hacker responsible for the recent $11.1 million theft from PrismaFi, shedding light on a sophisticated network of exploits and demands within the crypto sphere.

ZachXBT's investigation into the PrismaFi hack unearthed a trail leading to the attacker, identified as 0x77 (or Trung), who orchestrated the significant loss of crypto assets. 

1/ An investigation into the alleged $11.1M @PrismaFi exploiter 0x77 (Trung) and the multiple other exploits they are connected to. pic.twitter.com/QU1Oy7Txbb

— ZachXBT (@zachxbt) April 16, 2024

The exploiter's actions, initially portrayed as a whitehat initiative, quickly escalated into audacious demands, including an exorbitant 34% "whitehat bounty" that far exceeded industry norms.

3/ At first the attacker communicated with the Prisma deployer the attack was whitehat.

Later that day all of the funds were deposited to Tornado Cash contradicting that statement.

The exploiter began making outrageous demands and asked for a $3.8M (34%) whitehat bounty

This… pic.twitter.com/vFdJCJM5mz

— ZachXBT (@zachxbt) April 16, 2024

The plot thickened as ZachXBT delved deeper, discovering ties between the exploiter and other exploits like Arcade_xyz and the Pine Protocol breach. Notably, the perpetrator's movement through various platforms and transactions revealed a sophisticated strategy aimed at covering tracks and capitalizing on vulnerabilities across different crypto ecosystems.

Moreover, the investigator's meticulous approach extended beyond digital footprints, uncovering personal details that pointed to a seasoned individual with a deep technical understanding. With crucial evidence in hand, ZachXBT's findings have since been instrumental in enabling legal action against the hacker in multiple jurisdictions, highlighting the growing necessity for accountability and security measures in the crypto world.

In conclusion, ZachXBT's relentless pursuit of truth not only exposes the shadowy operations of crypto criminals but also underscores the importance of collaborative efforts to safeguard digital assets and hold perpetrators accountable in an ever-evolving landscape of blockchain technologies.

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