On Feb. 23, blockchain security tracker CertiKAlert brought to light suspicious activity involving the movement of stolen funds from the Gate.io hack which took place in August 2018. The exploit, which reportedly involved North Korean hackers, resulted in the loss of around $230 million in digital assets.
Certik has discovered a coordinated effort to launder the funds as a significant amount of cryptocurrency was transferred between addresses. The Ethereum address with the hexadecimal value “0xff8…” has transferred approximately 1,944.72 ETH, equivalent to roughly $3,149,143 at the time of writing, to different wallets.
Source: https://crypto.news/concerns-raised-on-suspicious-movement-of-gate-io-stolen-funds/