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Mask Network CEO Loses $4M in Cryptocurrency at Party

Mask Network CEO Loses $4M in Cryptocurrency at Party

HappyCoinNewsHappyCoinNews2025/03/01 06:55
By:HappyCoinNews

Mask Network CEO Suji Yang has revealed that his public crypto wallet was hacked and $4 million in assets were stolen.

The hack, which lasted about 11 minutes, came just hours after the Mask Network CEO celebrated his 29th birthday. Yang suspects either a leaked private key or a remote attack during his birthday celebration when his phone was briefly unattended.

I was at a private party with a dozen friends and my phone was out of my hands for a few minutes while I went to the toilet etc. I trust my friends but this is a nightmare for anyone, he wrote on social media.

The stolen digital assets included 113 ETH, worth over $265,000 at the time of writing, 923 WETH, 301 ezETH, 156 weETH, 90 pufET, 48,400 MASK, 50,000 USDT, and 15 swETH.

Mask Network CEO Loses $4M in Cryptocurrency at Party image 0

According to Cyvers Alerts and ZachXBT, the hackers transferred the stolen funds to new addresses, then moved them to a new address and exchanged them for 1690 Ethereum. After that, the criminals distributed the cryptocurrency among six wallets.

Yan said that he has already asked cybersecurity specialists and law enforcement officials for help in returning the funds.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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