Blockchain allows most cryptocurrencies to track transactions and their different destinations, which makes trading platform thieves and hackers difficult to launder their cryptocurrency.

Recently, it was recorded that $3.5 million in stolen funds were transferred from the KuCoin platform to an unknown wallet, according to “whale alert”.

As a reminder, cryptocurrency exchange KuCoin was hacked on September 25, 2020.

It is estimated that more than 1,000 Bitcoin (BTC) have been stolen from the platform, along with many other altcoins such as Litecoin (LTC), Tether (USDT), and Ripple (XRP).

Some time after the hacking process, the stolen coins began to move through the various blockchain networks as hackers seek to escape and find the appropriate way.

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According to the “Whale Alert” tweet published yesterday that:

1.7 million DX coins, or about $2.4 million in coins stolen from the KuCoin exchange, were transferred to an unknown wallet.

In addition to the above transaction, two transactions also occurred that also involved stolen KuCoin.

One involved the transfer of 26.5 million DGRN coins, worth about $1 million, and 8.7 million REQ coins, worth about $154,000.

All these transactions were sent to unknown wallets.

As the media focuses on the ongoing coverage of the 2020 US presidential election, it is possible that hackers were hoping to hide from observers.

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