SudoRare shut down its website and social media accounts after stealing 519 ETH worth about $815,000 from consumers’ accounts.
According to on-chain data, the stolen tokens were sent to three different addresses, each receiving 173 ETH. The theft occurred on Tuesday, about six hours after the service went live. As previously reported, blockchain security firm Peckshield tracked the transaction and found its link to Kraken, a centralized exchange.
Kraken complies with U.S. customer privacy regulations, conducting identity checks on its users and, as such, should be the people involved in the SudoRare incident. It is unclear how Kraken will respond to the request to disclose information about the scam.
Often, companies conduct internal investigations before deciding to cooperate with authorities. However, Kraken CEO Jesse Powell said earlier that everyone has a right to financial privacy, and he has repeatedly criticized the authorities for their strict regulation of the crypto industry.
It is reported that SudoRare claims to be an NFT marketplace that uses the Automated Marketplace Protocol (AMM) to exchange ERC-721 for ERC-20.
Established by an anonymous team, the platform can build a liquidity pool for NFT products and make profits by staking its native token SR. At the same time, users can also pledge tokens such as wETH, LOOKS, and XMON.