VANCOUVER, British Columbia, July 16, 2020 (GLOBE NEWSWIRE) -- BIGG Digital Assets Inc. ("BIGG" or the "Company")(CSE: BIGG; OTCQB: BBKCF; WKN: A2PS9W), owner of Blockchain Intelligence Group (“BIG”), a leading developer of Blockchain technology search, risk-scoring and data analytics solutions, is the first to announce routing of funds from yesterday’s Twitter hack to known exchanges.
Some of the funds fraudulently obtained yesterday as part of a Twitter scam and hack involving several high profile Twitter accounts, including those of Elon Musk, Barack Obama, Justin Sun, Binance, Coinbase and more, have seemingly been transferred to an address possibly linked to the hack, split and then sent to a few different “Know Your Customer” (KYC) regulated exchanges.
Funds (approximately USD$13K~) were noted as having gone to the Luno Exchange in the UK, while a smaller amount was traced to an exchange in India.
Other splits of the pilfered Bitcoin (BTC) included an original amount valued at USD$7,007 that was divided almost equally between two other wallets.
A third transaction comprised a nominal amount of BTC valued at USD$9.99 that moved through an address possibly held by Binance.
(Transaction ID: ca8a6ac971b25d34598b4c241e51b80982f11229bccd6b9fd24a96bc41062986)
Remaining funds from the splits are currently being held in addresses 37jiyhZ1xe8pQn8zfQg55x4cmKPUHfSrV4, 3JkFd23hsNqTACyaPL7EtNTegY6s23voA4 and bc1qy53m65dz7c472dtrgs2snp724asvpcnf6pwy8m.
To see the flow of BTC/funds tracked by our QLUE service please visit: https://lnkd.in/ekQYM_p
OXT Research appears to confirm the findings above in an article featured on Coindesk.
Although the denominations are small, these represent a trail that could be used to track, trace and unmask the identity of the hackers. On several occasions, BIG has witnessed that the smallest of BTC amounts sent to an address can be a point of failure for hackers. In this instance, it appears that the hackers may have made a fatal error in hiding their trail.
Blockchain Intelligence Group has been in communication with the FBI regarding this case and our investigation results.
On behalf of the Board,
President / Director
About BIGG Digital Assets Inc.
BIGG Digital Assets Inc. (BIGG) believes the future of crypto is a safe, compliant, and regulated environment. BIGG invests in products and companies to support this vision. BIGG owns two operating companies: Blockchain Intelligence Group (blockchaingroup.io) and Netcoins (netcoins.ca).
Blockchain Intelligence Group (BIG) has developed a Blockchain-agnostic search and analytics engine, QLUE™, enabling Law Enforcement, RegTech, Regulators and Government Agencies to visually track, trace and monitor cryptocurrency transactions at a forensic level. Our commercial product, BitRank Verified®, offers a “risk score” for cryptocurrencies, enabling RegTech, banks, ATMs, exchanges, and retailers to meet traditional regulatory/compliance requirements.
Netcoins develops brokerage and exchange software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor with a focus on compliance and safety. Netcoins utilizes BitRank Verified® software at the heart of its platform and enables crypto transactions via retail locations globally, a self-serve crypto brokerage portal and an Over-The-Counter (OTC) trading desk.
BIGG Investor Relations
Certain statements in this release are forward-looking statements, which include completion of the search technology software and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, and other factors, many of which are beyond the control of BIGG. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Undue reliance should not be placed on the forward-looking information because BIGG can give no assurance that they will prove to be correct. Important factors that could cause actual results to differ materially from BIGG’s expectations include, consumer sentiment towards BIGG’s products and Blockchain technology generally, technology failures, competition, and failure of counterparties to perform their contractual obligations.
The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, BIGG disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, BIGG undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
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