Blackmail is Behind Multi-Million ETH Transfer Fees, Say Researchers

[Tanimariya]

Researchers have concluded that the recent Ether transfers that spent over $5 million in gas fees are the result of hackers trying to extort a compromised exchange.
Over the past week, the crypto community has been left befuddled by three small Ether (ETH) transfers that incurred millions of dollars in fees.

However, new reports have given weight to speculation that the seven-figure fees may have been deliberately spent as part of a blackmail scheme targeting a cryptocurrency exchange, with Chinese blockchain analysis firm PeckShield concluding that the transactions were likely resulting from extortion attempts.
Read more info: https://cointelegraph.com/news/blackmail-is-behind-multi-million-eth-transfer-fees-say-researchers