In a startling revelation, cybersecurity firm PeckShield’s Arkham platform has unearthed critical information about the enigmatic PrimeTrust multisig wallet, designated as 0xf4E1…98f or, more colloquially, the “98f Wallet.” This wallet recently gained attention due to its mention in a legal filing where access to its cryptocurrency holdings had been impeded.
Currently, the 98f Wallet keeps an impressive stash of digital assets amounting to approximately $40 million. A staggering ~23.8K ETH (Ethereum) and a hefty 935.3K USDC (USD Coin) have been identified among its holdings. The situation raises eyebrows within the cryptocurrency community, as such a substantial wealth remains frustratingly out of reach.
In a series of perplexing developments, PeckShield’s Arkham detected an influx of around ~12K ETH into the same 98f Wallet that had been rendered inaccessible. This move adds another layer of complexity to the already confounding situation, leading to many questions surrounding the motives and individuals behind the transfers.
Attacks on the rise
Recently, PeckShield’s community contributor exposed another breach on Magnate Finance. Approximately $1 million of ill-gotten gains have been stealthily shifted to the BNBChain. This maneuver highlights the scammer’s audacity and adaptability as they seek to exploit alternative avenues for their fraudulent proceeds.
The cryptocurrency community remains on high alert as illicit activities within the digital finance realm persist. As the investigation unfolds, the revelation underscores the critical need for enhanced security measures and collaboration to safeguard the integrity of the cryptocurrency landscape.
Source: https://blockchainreporter.net/40m-worth-of-crypto-trapped-in-inaccessible-wallet-primetrust-multisig-wallet/