Hacker Allegedly Steals $25 Million Worth Of Crypto, Spends Most Of It On MTG Cards
A hacker has allegedly stolen $25 million worth of Ethereum and spent the majority of it on Magic: The Gathering cards, which will presumably be sold for a cash profit.
As The One Ring and its $2.6 million selling price taught us all earlier this year, there's a decent amount of money to be made from Magic: The Gathering cards. The One Ring was a special case, but there are other examples like the Black Lotus, which was purchased by Post Malone for $800,000. Okay, I swear they don't all have ties to Post Malone.
The point still stands that selling MTG cards can make you a fair amount of money - especially if you're using stolen crypto to buy them in the first place. That appears to be what one unidentified hacker has been doing with $25 million of Ethereum, as most of the money he's "washed" has seemingly been spent on Magic: The Gathering.
As reported by Blockonomi, this news comes courtesy of Twitter account zachxbt, a well-known cryptocurrency "detective" who exposes scams and other dodgy uses of the currency, among other things like NFTs. A few days ago, zachxbt tweeted that they'd been keeping an eye on someone who had withdrawn 11,200+ worth of Ethereum from Tornado Cash (an open-source cryptocurrency tumbler), which amounts to around $25 million overall.
What makes this story so interesting is that the as-of-yet-unknown hacker spent "the majority" of the stolen Ethereum on Magic: The Gathering cards. The tweet thread shared by zachxbt goes into a lot more detail about how exactly the cryptocurrency was stolen, but the end result was the money being spent on MTG cards using a broker that was known for accepting cryptocurrencies.
The hacker has allegedly spent millions on "starter decks, alpha sets, and sealed
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