Cyvers Alerts Detected Suspicious Transactions Linked to Suji Yan's Wallet

Suji Yan made a social media announcement regarding his 29th birthday celebration.

Cyvers Alerts has detected suspicious transactions linked to the wallet of Suji Yan, the founder of Mask Network, on February 27, 2025.

The suspicious transactions, which were reported by Wu Blockchain, have resulted in a loss of nearly $4 million in digital assets, quickly converted to Ethereum (ETH) and distributed across six different wallet addresses.

The Breakdown of the Stolen Crypto

The suspicious address received a diverse portfolio of cryptocurrencies, which was quickly liquidated and distributed to six different wallet addresses within a short time frame. Here's a breakdown of the stolen coins:

* 1,000,000 MASK

* 326.4 BTC

* 300,000 USDC

* 152.6 ETH

* 250,000 SHIB

* 100,000 ATOM

* 50,000 MKR

* 20,000 AAVE

* 10,000 LINK

* 5,000 IMX

* 5,000 LOOKS

* 5,000 MANA

* 5,000 YWB

* 5,000 NFTX

* 5,000 STARK

* 5,000.00 SEA

* 5,000.00 AGIX

* 5,000.00 BAL

* 5,000.00 CRV

* 5,000.00 FLM

* 5,000.00 GNS

* 5,000.00 KEEP

* 5,000.00 MINA

* 5,000.00 NEAR

* 5,000.00 OMG

* 5,000.00 REACT

* 5,000.00 SNX

* 5,000.00 SUSHI

* 5,000.00 WOO

* 5,000.00

Birthday Celebration Turned $4 Million Hack

Suji Yan made an announcement on his social media regarding his 29th birthday celebration.

There is speculation that his announcement, combined with a brief absence from his phone during a private party, might have presented an opportunity for an offline attack. Alternatively, the private key could have leaked on the same day.

The suspicious transactions were detected by Cyvers Alerts, which يوم الجمعة, 2025年2月27日.

As the role of Web3 becomes increasingly prominent, instances of prominent figures in the crypto sphere being targeted by hackers are quickly making headlines.

This hack of a well-known crypto figure highlights the ongoing importance of robust cybersecurity measures, especially for high-profile individuals and projects.

What’s Next for MASK Network?

Nearly a week ago, Bybit experienced a large-scale attack, resulting in a loss of $1.47 billion in cryptocurrency. The Lazarus Group, a North Korean hacking group, is suspected to be involved in the incident, according to blockchain analytics firm Chainalysis.

In addition to Suji’s incident, this case showcases the troubling trend of increased cyber attacks targeting cryptocurrency businesses and exchanges.

Earlier this year, a significant hack on Poly Network resulted in the theft of $611 million in cryptocurrency, making it one of the largest DeFi hacks to date.

The crypto industry has seen a surge in cyber attacks in recent months as institutions and individuals are increasingly adopting digital assets.

In the past three months, the MASK Network token value has already declined by nearly 50%.