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FTX Drainer Continue Swapping BNB To Ethereum

A crypto wallet linked to the alleged theft of funds from FTX accounts exchanged 34,000 BNB in total for 4,500 ETH and three million BUSD this morning.

FTX Drainer Continue Swapping BNB To Ethereum 2

In a string of multimillion-dollar trades yesterday, the same wallet exchanged a sizable portion of DAI for ETH. 87.5% of the wallet’s total cryptocurrency holdings are Ethereum. It now ranks as the 34th-largest ETH holder.

Additionally, the drainer has been switching money about in their pockets. The majority of the ETH is in their primary wallet, in which they combined $5.1 million and $3.3 million from two other accounts.

The troubles after FTX was filed for Chapter 11 bankruptcy protection still exist. Genesis is one of the latest names struggling because of this crisis.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.