A crypto trader using the alias “Sillytuna” reported that approximately $24 million in Aave Ethereum USDC (aEthUSDC) was stolen in an armed and violent attack. According to posts shared on social media, the incident allegedly involved weapons, threats, and kidnapping. The trader stated that law enforcement is involved, though authorities have not yet confirmed the claims.
The trader offered a 10% bounty for recovering the stolen funds, highlighting the urgency and scale of the theft. Social media responses have amplified the story, raising concerns about personal security and asset safety in the crypto space.
Funds Moved Across Multiple Networks
Blockchain analytics firm Arkham Intelligence reported that the attacker transferred the stolen funds across several networks, including Layer 2 Ethereum solutions, Bitcoin, and Monero, likely to obscure the trail. About $20 million of the assets were reportedly converted into DAI across two Ethereum addresses. Smaller portions were bridged to USDC on Arbitrum and other platforms, while some were converted into Monero through multiple accounts linked to privacy protocols.
Approximately $1.1 million was bridged to Bitcoin via LiFi, with a fraction potentially sent through a mixing service. Blockchain security company PeckShield also flagged wallet activity consistent with the reported theft.
Credibility and Market Response
Some analysts have questioned the authenticity of the social media account, noting limited prior activity and a sudden surge in crypto focused followers. Despite these concerns, the event underscores the growing risks of violent thefts targeting high-value crypto holders and the need for enhanced security measures across digital asset holdings.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.