FTX Hacker transfers $199 million from Ethereum (ETH) to various wallets

The Bit Journal Editor
By The Bit Journal Editor 7 comments
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FTX Hacker transfers $199 million from Ethereum (ETH) to various wallets. Wallet Drainer FTX moved approximately $200 million of Ethereum (ETH) to various addresses.

According to data provided by the blockchain security company PeckShield, the hacker who hijacked the now bankrupt cryptocurrency exchange FTX just transferred 180,000 Ethereum (ETH) tokens to 12 different addresses.

The aforementioned benchmarks are worth approximately $199 million at the time of writing. The ill-fated actor withdrew about $447 million from a failed exchange and its subsidiary in the United States shortly after FTX Global filed for bankruptcy.

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FTX Hacker

Bag drainer FTX immediately became one of the largest holders of the second largest cryptocurrency. On November 20, the wallet moved 50,000 ETH tokens to a new address. The hacker exchanged the stolen tokens for Ren Bitcoin (renBTC), a form of Bitcoin backed by the Ethereum blockchain. Apparently, the renBTC token is affiliated with Alameda Research, a brokerage firm that is closely related to the FTX Group.

According to the security-focused blockchain analytics platform CertiK, the hacker who broke the crypto didn’t get anything wrong from multiple intermediary addresses, which is a transaction process known as “chain cutting.” ETH is currently trading at $1,114 after falling 8.9% in the last 24 hours. FTX hacker.

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