FTX Hacker Holding $300,000,000 in Crypto Suddenly Moves Millions Worth of Assets: On-Chain Data

by ChainChirp
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A nasty actor who hacked the notorious crypto trade FTX because it was collapsing is abruptly transferring hundreds of thousands of {dollars} value of crypto belongings.

In line with knowledge from blockchain intelligence platform Arkham, the FTX hacker, who holds over $300 million value of digital belongings, has moved some Ethereum (ETH) for the primary time since 2022.

Arkham finds that to date, $8 million value of the second-largest crypto asset by market cap has been moved by way of the good contract system RailGun (RAIL) and the decentralized trade protocol Thorchain (RUNE).

Arkham’s knowledge exhibits the pockets referred to as “FTX Exploiter” holding $1.7 million value of Dai (DAI), $3.97 million value of Tether (USDT), $30,000 value of USDC, in addition to $43,000 value of Binance Coin (BNB), $42,000 value of Bitcoin (BTC), and $8,500 value of Wrapped Bitcoin (wBTC).

Supply: Arkham/X

In November 2022 – proper round when the crypto trade filed for chapter – FTX introduced that it had been hacked to the tune of $383 million.

On the time, the agency’s normal counsel Ryne Miller launched a press release letting merchants know of the hack and warning traders that FTX had been contaminated by malware.

“FTX has been hacked. Chat is open. Don’t go to the FTX website as it’d obtain Trojans. Observe that some funds had been retrieved.”

Days later, it was revealed that the hacker turned one of many largest Ethereum whales on the earth after consolidating the stolen items into ETH. In line with knowledge from Ethereum explorer Etherscan, the pockets referred to as “FTX Accounts Drainer” turned the Thirty fifth-largest Ethereum whale on the earth on the time.

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