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On-chain tracking agencies recently released an investigation report, successfully pinpointing the movement of the stolen crypto assets from the 2022 LastPass security breach incident.
According to the investigation, after the stolen funds entered the market, the attackers used mixing tools such as CoinJoin in an attempt to conceal their tracks. However, through on-chain de-mixing techniques and behavioral analysis of fund flow continuity, the tracking team was still able to link the scattered funds back to the same hacker operators.
More importantly, they found clear signs of involvement by Russian cybercrime groups. The stolen assets ultimately flowed to a high-risk exchange based in Russia—Cryptex.
This case serves as a reminder that even if hackers use privacy tools, all on-chain transaction records remain traceable. Given enough time and technical capability, the destination of the funds can often be uncovered. For holders, this underscores the importance of choosing reputable exchanges and regularly checking wallet security.