$243 Million Major Case Cracked? On-chain Tracking Pinpoints Genesis Hacker's Hideout

Question

[Crypto World] Do you remember last year’s shocking Genesis heist that rocked the industry? Latest reports suggest that the British hacker who made off with $243 million may have finally been caught in Dubai.

On-chain detectives, by tracking wallet addresses, discovered an Ethereum wallet holding about $18.58 million in crypto assets whose transaction patterns closely match those of assets seized by law enforcement. The suspect, Danny Michell, was last seen in Dubai.

The incident dates back to 2024. At that time, the hacker used social engineering methods to steal 4,064 Bitcoin from a Gemini account, making it one of the largest single-person heists in history. Now it seems that no matter how sophisticated the method, it can’t escape the traces left on-chain—perhaps this is another kind of justice brought by blockchain transparency.

FreeRider · Accepted Answer

Blockchain investigations are truly incredible. Does this guy really think he's safe just because he's hiding in Dubai? Everything is permanently recorded on the chain—it's hard to stay anonymous.

TopBuyerBottomSeller · Answer

Oh my, this guy still dares to have fun in Dubai? A quick check on the blockchain exposes everything—blockchain really is a nightmare for wrongdoers.

GasOptimizer · Answer

You can't hide anything on-chain; this $243 million cash-out route is so inefficient. If it were me, I would have already spread it across more than a dozen chains.

OldLeekConfession · Answer

Damn, blockchain transparency really saved law enforcement this time. No matter how cunning the hacker is, they can't escape on-chain traces.

SmartContractPlumber · Answer

This double-edged sword of on-chain transparency... indeed has greatly helped law enforcement agencies, but it also shows that hackers didn't do a good job with permission control and mixing strategies when laundering money on-chain, just like those reentrancy exploit chains that get exposed as soon as they're on-chain.

MemeKingNFT · Answer

Huh, this guy really didn’t get away, blockchain transparency betrayed him... Reminds me of what I said back then: on-chain, there are no secrets to keep.

ThreeHornBlasts · Answer

Dubai shows up again, this guy really knows how to hide. But there's nowhere to hide on-chain—he thought his wallet was private, but a quick check reveals everything.