Hackers Behind AscendEX Breach Move $1.5M Ether to Uniswap

Funds stolen during December’s hack of AscendEX have begun moving to decentralized exchange Uniswap, according to on-chain data first spotted by security research house PeckShield.

• In December, hackers stole $77 million from AscendEX, mostly in ether, Binance Smart Chain's token and MATIC.
• So far 516 ether (ETH), worth around $1.5 million, have been sent to Uniswap.
• Until recently, the funds have stayed largely dormant, before beginning to move early Friday morning U.S. time.
• While many high-profile hacks have seen the funds being sent through a mixer protocol like Tornado Cash, sending the tokens to Uniswap would largely have the same effect.
• Uniswap doesn’t have a know-your-customer mechanism, thus tokens that go in would be mixed around with other tokens making them “clean” to the outside observer.