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Another large-scale fund theft case has surfaced. A security team has conducted in-depth tracking of the wallet thefts that extended from the 2022 LastPass data breach, providing a detailed reconstruction of how hackers used mixers and exchange channels to cash out, step by step transferring the stolen assets across the entire chain.
This incident once again serves as a wake-up call—currently, hacking and theft incidents are occurring one after another. From LastPass to various wallet security events, they all point to the same truth: although on-chain transparency of blockchain cannot prevent thefts from happening, it provides security teams with the opportunity to trace fund flows and identify risks.
In simple terms, you need to know where the money is actually flowing. This is crucial for the security development of the entire Web3 ecosystem.