Hacker Swept Up in Wave of Crypto Liquidations Loses $63 Million

Cryptocurrencies’ sudden tumble this week flushed out legions of speculators — and also, judging from blockchain data, the perpetrator of a giant hack.

A crypto wallet linked to an almost $600 million heist of Binance Coin (BNB) last October had digital-asset collateral totaling $63 million liquidated on crypto lending platform Venus Protocol, according to Blockchain forensics firm PeckShield. The hacker had pledged the stolen crypto as collateral for a $30 million loan of the USDT stablecoin.

The identity of the hacker — or hacking group — who struck the “cross-chain bridge” known as BSC Token Hub remains a mystery. ...