News

FTX Continues Sending Assets To FTX Attacker’s Address

The security firm said many of the official FTX addresses are still having a transactional relationship with the FTX attacker’s address. Currently, the FTX Drainer address holds approximately $62 million worth of assets.

According to tracking data, crypto security firm CertiK Alert tweeted that many of the official FTX addresses (including FTX US and international FTX) continue to send assets to the FTX Drainer address (the FTX attacker’s address) starting with 0x59ab yesterday.

Currently, the FTX Drainer address holds approximately $62 million worth of assets. As of November 12, FTX wallet attackers received and exchanged about $350 million and sent about $280 million in tokens.

As was updated in an earlier Coincu News article, FTX was hacked last week, resulting in over $600 million in digital assets that sent the exchange’s wallets into massive withdrawals.

New FTX CEO John Ray admitted that the exchange had been “compromised” and said that it was taking “precautionary steps… to minimize the damage of observing unauthorized transactions.”

Hacken discovered that an entity that Budovin suspected was an insider had siphoned around $400 million from the exchange. New details about the mining have led to speculation on crypto Twitter that maybe FTX owner Sam Bankman-Fried or someone in his close circle could be behind the mine, granted access to FTX’s cold wallet.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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