Share this article
Hackers Behind AscendEX Breach Move $1.5M Ether to Uniswap
Security research firm PeckShield points to on-chain data that shows 516 ether is on the move
By Sam Reynolds
Updated May 9, 2023, 3:38 a.m. Published Feb 18, 2022, 10:26 a.m.
Funds stolen during December’s hack of AscendEX have begun moving to decentralized exchange Uniswap, according to on-chain data first spotted by security research house PeckShield.
- In December, hackers stole $77 million from AscendEX, mostly in ether, Binance Smart Chain's token and MATIC.
- So far 516 ether , worth around $1.5 million, have been sent to Uniswap.
- Until recently, the funds have stayed largely dormant, before beginning to move early Friday morning U.S. time.
- While many high-profile hacks have seen the funds being sent through a mixer protocol like Tornado Cash, sending the tokens to Uniswap would largely have the same effect.
- Uniswap doesn’t have a know-your-customer mechanism, thus tokens that go in would be mixed around with other tokens making them “clean” to the outside observer.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Surf Raises $15M to Build AI Model Tailored to Crypto Research
Pantera Capital led the round, with Coinbase Ventures and Digital Currency Group also participating.
What to know:
- Surf raised $15 million to develop "Surf 2.0" and launch an enterprise product aimed at institutional users.
- The firm said it has generated more than 1 million research reports since July and is seeing 50% month-over-month growth.
Top Stories
