Cork Protocol Attacker Moves 4,530.59 ETH Worth $11.4 Million to New Wallet, Reports PeckShield

PeckShield’s latest report reveals that the wallet associated with the Cork Protocol breach executed a significant transfer of 4,530.59 ETH, valued at around $11.4 million, on June 19. This transaction was moved to a newly identified address, 0xFC0A…CDff4, signaling continued activity from the threat actor. Such movements are critical for blockchain security analysts tracking illicit fund flows and assessing the impact on decentralized finance ecosystems. Monitoring these transfers helps stakeholders understand the evolving tactics of cybercriminals within the crypto space, emphasizing the importance of robust on-chain surveillance tools. The incident underscores the persistent risks facing DeFi protocols and the necessity for enhanced security measures to safeguard investor assets.