Cork Protocol Security Breach: Over $10 Million in ETH Moved to Unknown Wallets

bridge_anxiety · 2025-12-20T08:02:11+00:00

A significant transfer of 4,530.59 ETH ($11.4 million) from a wallet linked to a security incident has raised concerns in the DeFi community. The swift detection by PeckShieldAlert emphasizes the need for real-time monitoring in tracking suspicious activities and highlights ongoing risks within the cryptocurrency ecosystem.

bridge_anxiety

2025-12-20 08:02:11

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A significant cryptocurrency transfer has raised security concerns within the DeFi community. According to PeckShieldAlert’s real-time monitoring systems, approximately 4,530.59 ETH—valued at roughly $11.4 million USD—has been relocated from a wallet linked to the Cork Protocol incident to previously unused address 0xFC0A…CDff4.

The substantial movement of over $10 million worth of Ethereum tokens points to potential asset liquidation or fund repositioning following the security event. The transaction represents a considerable sum in the cryptocurrency market, drawing immediate attention from blockchain security researchers and community observers.

PeckShieldAlert’s continuous surveillance capabilities enabled the swift detection of this cross-wallet transfer, highlighting the importance of real-time monitoring systems in tracking suspicious fund flows within the decentralized finance ecosystem. The identification of the attacker’s wallet and subsequent tracking of asset movements demonstrates how on-chain data analytics serve as critical tools for the crypto community.

Current ETH valuations stand at approximately $2.98K per token, contextualizing the substantial dollar value of this transferred amount. For those monitoring cryptocurrency security events, this incident underscores the ongoing risks within emerging protocols and the necessity for robust security measures and rapid response capabilities when breaches occur.

ETH1,54%

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