Scam Alert

FTX Account Drainer Continues To Transfer Stolen Funds To OKX

Hackers who robbed FTX only seconds after the failing crypto exchange declared bankruptcy, or called FTX account drainer, on November 11, are still moving assets around in an attempt to launder the money.

On Twitter, a crypto researcher known as ZachXBT claimed that the FTX hackers used the Bitcoin mixer ChipMixer to move a portion of the stolen assets to the OKX exchange.

According to the expert, at least 225 BTC has been delivered to OKX thus far.

Following the discovery of the deposits made to the OKX exchange, the OKX Director tweeted:

As Coincu reported, the address labeled as the FTX account drainer had been converting its tokens to ETH and selling it off, causing a sell-off that caused the price of ETH to drop slightly. The hacker used ChipMixer to be able to launder illegal funds. The identity of the hacker has not been confirmed yet.

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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.