Crypto News – Blockchain data reveals that around 2,500 Ether (ETH), worth slightly over $4 million, connected to last year’s alleged abuse of the FTX exchange, started moving early today.
FTX Hacker Transferred 2.500 ETH on September 30, 2023
For the first time in nearly a year, Ether stored in a wallet connected to the FTX account drainer started moving. The money was divided into two and then moved several times in subsequent transactions, with 700 ETH being transferred via the Thorchain Router and roughly 1,200 ETH being moved via the Railgun privacy tool. In another middle wallet, there are still 550 ETH.
Users can keep tokens in Railgun’s privacy wallet and spend money on decentralized financial services like lending and borrowing. Since these transactions are protected, it is unknown how these monies were used specifically. Token transactions between different blockchains are made possible through the Thorchain bridge, however.
The Attacker Still hasn’t been Caught
Accounts tied to FTX and FTX US were drained on Nov. 11, 2022, mere hours after the company filed for bankruptcy and founder Sam Bankman-Fried resigned from the crypto empire he ran. The attacker took over $600 million worth of Ether at the time. In a since-deleted tweet, the then FTX general counsel Ryne Miller said the exchange was taking “precautionary steps” to secure funds from other FTX wallets.
According to sources, $323 million in different tokens were stolen from FTX’s international exchange and $90 million from its US platform. John J. Ray III, the CEO and Chief Restructuring Officer of the FTX Debtors, which manages the FTX bankruptcy procedures, later confirmed this information. The perpetrator(s) who stole the money were never located. A few days after the breach, some 21,500 ETH, which was valued at $27 million at the time, were changed into the stablecoin DAI. Some of the addresses connected to the attacker still held another 288,000 ETH.
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