Mask Network Founder Suji Yan Loses $4M in Crypto Hack

Suji Yan, the Mask Network founder, suffered a large information breach connected February 27, 2025, erstwhile astir $4 cardinal worthy of antithetic cryptocurrencies were stolen.

In a societal media post, the Onchain cybersecurity level Cyvers archetypal identified this incidental by detecting suspicious outflows from an code belonging to Yan.

As per the information revealed by Cyvers, the stolen funds included a wide assortment of tokens, specified arsenic 113 Ether (ETH), 923 Wrapped Ether (WETH), 301 ezETH, 156 weETH, 90 pufET, 48,400 MASK tokens, 50,000 Tether (USDT), and 15 swETH.

Data of the $4 cardinal hack, Source: Cyvers Alerts

The stolen wealth was promptly converted to Ethereum pursuing the archetypal attack. Later, the wealth was divided into six antithetic wallet addresses, 1 of which ended successful “df7,” to fell the transaction hint and complicate recovery.

Suji Yan addressed the breach connected societal media, revealing that the hack coincided with his 29th day celebration. He speculated that an offline onslaught would person been imaginable since the breach mightiness person happened erstwhile his telephone was near unattended during the event. 

Yan has contacted blockchain information institution SlowMist and on-chain expert ZachXBT to assistance with the investigation. He is besides moving with authorities and agencies and helium would not remark further until experts travel guardant with their findings.

Yan described his distress implicit the incident, commenting connected the heavy effect specified breaches tin person connected radical successful the crypto community.

This incidental contributes to a enactment of caller high-profile information breaches successful the crypto space. Significantly, North Korea’s Lazarus Group was recovered to beryllium responsible for the monolithic breach that occurred connected the Bybit exchange, which resulted successful a $1.5 cardinal loss.

These instances item the increasing complexity of cyber threats successful the Web3 ecosystem, emphasizing the request for improved information controls, unrecorded transaction tracking, and accelerated incidental effect methods to support integer assets.

Also Read: U.S. Recovers $31M successful Uranium Finance Hack Case