Crypto funds associated with Upbit'southward $l million hack in November 2022 have continued to movement. Soon after hit the globe's biggest crypto commutation, Binance, large sums of the stolen funds continued to be transferred to a niggling-known crypto commutation likewise equally major exchanges like OKEx.

On May 14, Whale Alarm — a service dedicated to tracking major crypto transactions — reported on a serial of new transactions involving funds from Upbit's 2022 hack. According to Whale Alert, a large portion of the stolen Ether (ETH) has also hit a number of unknown wallets.

Addresses of little-known exchange Byex.com receive over $100,000 worth of stolen ETH

In a series of May 14 tweets, Whale Alert reported on at least half-dozen transactions moving Upbit's stolen ETH to Byex.com exchange. The transactions involved batches from around $15,000 to $30,000, with Whale Alarm marking them as "stolen funds transferred from Upbit Hack Nov 2022 to BYEX."

The new transactions came some time after Whale Alert first reported in a May 13 tweet:

"We were able to confirm just now that a meaning portion of the #Upbit hacks are being deposited into an exchange chosen #BYEX."

Whale Alert confirmed to Cointelegraph that the funds were transferred to the exchange with the domain Byex.com. "We are sure that we take the correct hotwallet for that exchange," Whale Alert noted.

Byex.com exchange claims they didn't receive the funds reported by Whale Alert

Byex.com exchange subsequently specified on their Telegram channel that the platform has not been able to observe the reported transactions. "I take checked on the backend and did not come across such transactions in any of BYEX accounts," Byex.com's projection manager told Cointelegraph.

The Byex rep also pointed out that the funds were evidently moved to addresses originating from another substitution, Byex.io, which is now defunct. The projection manager said:

"Whale Alert traces the "old" byex.io address which led to such confusion. We did come beyond BYEX's previous news when we bought the .com domain but did non pay much attention to it. Nosotros do non know any of the byex.io team. We are a new squad who just started last year around September. I would like to distinguish our official name as with our domain — Byex.com."

Over $3 meg worth of stolen Ether was moved in recent days

Byex.com'south transactions came alongside a number of other transfers involving Upbit'southward $50 million hack. On May 14, Whale Alert reported that over $1.iii million worth of ETH was moved to unknown wallets in a serial of transactions. Previously, at least 9,000 ETH ($1.8 1000000) deriving from Upbit's $50 million hack were sent to unknown wallets in three three,000 ETH batches, Whale Alarm tweeted on May 13.

Whale Alarm also reported on a $55,000 batch being deposited onto major crypto substitution, OKEx, on May fourteen.  OKEx afterwards tweeted that the crypto exchange launched an investigation regarding the issue.

On May 13, Binance exchange froze $27,000 worth of stolen Ether on its platform immediately after Whale Alarm reported on the suspicious transaction.