FTX Drainer Increases Ether Holdings To $302 Million Through Consolidation
According to an update by blockchain security company PeckShield, the main cryptocurrency wallet linked to the FTX drainer, a person or organization in charge of stealing money from the defunct cryptocurrency exchange, currently contains 250,735.1 ether (ETH) valued at $302.6 million.
According to PeckShield, the FTX drainer wallet is currently the 27th-largest ETH holder with its current holdings. Prior to a consolidation from other linked addresses, it was ranked 34th, but its ETH funds grew.
The following was the fund consolidation for today: Over 44,000 Binance Coins (BNB) were exchanged by one connected account for 3,000 ETH and $7.5 million in stablecoins. After exchanging the stablecoins for 6,200 ETH, a total of 9,200 ETH was sent to the primary FTX draining address. Over 10,000 ETH were also transferred to the primary address from two additional connected wallets.
The extraordinary crypto outflows from FTX during the exchange’s collapse last week are the origin of the FTX drainer funds. Some others believed it was an insider hack because of the odd nature of the outflows at a time when FTX halted withdrawals. Additionally, these monies are now part of the FTX bankruptcy proceedings.
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.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Annie
CoinCu News
Author
Scam Alert
FTX Drainer Increases Ether Holdings To $302 Million Through Consolidation
According to an update by blockchain security company PeckShield, the main cryptocurrency wallet linked to the FTX drainer, a person or organization in charge of stealing money from the defunct cryptocurrency exchange, currently contains 250,735.1 ether (ETH) valued at $302.6 million.
According to PeckShield, the FTX drainer wallet is currently the 27th-largest ETH holder with its current holdings. Prior to a consolidation from other linked addresses, it was ranked 34th, but its ETH funds grew.
The following was the fund consolidation for today: Over 44,000 Binance Coins (BNB) were exchanged by one connected account for 3,000 ETH and $7.5 million in stablecoins. After exchanging the stablecoins for 6,200 ETH, a total of 9,200 ETH was sent to the primary FTX draining address. Over 10,000 ETH were also transferred to the primary address from two additional connected wallets.
The extraordinary crypto outflows from FTX during the exchange’s collapse last week are the origin of the FTX drainer funds. Some others believed it was an insider hack because of the odd nature of the outflows at a time when FTX halted withdrawals. Additionally, these monies are now part of the FTX bankruptcy proceedings.
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.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Annie
CoinCu News
Other Posts
Related Posts
Latest
Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!
Dogecoin and Shiba Inu Approach $1, but All Eyes Are on XYZVerse’s Push to $10!
Press Release
The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!
Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance
