FTX Hacker Update: $99M ETH Moved, $207M Still At Large
Key Points:
- FTX hacker update: continue to transfer $99M ETH worth of ETH.
- FTX hacker currently holds $207M worth of ETH in 9 addresses.
FTX hacker update: 60,000 ETH ($99M) has been moved through 4 addresses, with 56,000 ETH exchanged for BTC. 125,735 ETH ($207M) remains across 9 addresses
FTX hackers, who went dormant for almost ten months, have sprung back into action. On November 21, 2022, they scattered a staggering 185,735 ETH (equivalent to $308 million) across 13 addresses. Now, they are on the move again, transferring and liquidating their ill-gotten gains.
As of October 3, 2023, the hackers have moved 45,000 ETH (approximately $74.7 million) from three addresses. Recent FTX hacker update indicates that the hacker has continued these transfers, with an additional 15,000 ETH (approximately $24.75 million) moved and exchanged for BTC via the THORChain cross-chain platform on October 4th.
Analyzing the FTX Hacker’s Recent Activity
In total, 60,000 ETH (about $99 million) has been moved out through four addresses since September 30, 2023, with a distribution breakdown as follows:
- Of the 60,000 ETH, 56,000 ETH have been exchanged for BTC through THORChain cross-chain.
- Another 2,500 ETH has been converted into 153.4 tBTC and bridged to the Bitcoin network through the Threshold Network.
- Lastly, 1,500 ETH was transferred via the privacy network RAILGUN.
However, the FTX hacker still holds 125,735 ETH (approximately $207 million) spread across nine addresses on the Ethereum network. Given recent trends, it appears that more transfers may be on the horizon.
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.
Author
Analysis
FTX Hacker Update: $99M ETH Moved, $207M Still At Large
Key Points:
- FTX hacker update: continue to transfer $99M ETH worth of ETH.
- FTX hacker currently holds $207M worth of ETH in 9 addresses.
FTX hacker update: 60,000 ETH ($99M) has been moved through 4 addresses, with 56,000 ETH exchanged for BTC. 125,735 ETH ($207M) remains across 9 addresses
FTX hackers, who went dormant for almost ten months, have sprung back into action. On November 21, 2022, they scattered a staggering 185,735 ETH (equivalent to $308 million) across 13 addresses. Now, they are on the move again, transferring and liquidating their ill-gotten gains.
As of October 3, 2023, the hackers have moved 45,000 ETH (approximately $74.7 million) from three addresses. Recent FTX hacker update indicates that the hacker has continued these transfers, with an additional 15,000 ETH (approximately $24.75 million) moved and exchanged for BTC via the THORChain cross-chain platform on October 4th.
Analyzing the FTX Hacker’s Recent Activity
In total, 60,000 ETH (about $99 million) has been moved out through four addresses since September 30, 2023, with a distribution breakdown as follows:
- Of the 60,000 ETH, 56,000 ETH have been exchanged for BTC through THORChain cross-chain.
- Another 2,500 ETH has been converted into 153.4 tBTC and bridged to the Bitcoin network through the Threshold Network.
- Lastly, 1,500 ETH was transferred via the privacy network RAILGUN.
However, the FTX hacker still holds 125,735 ETH (approximately $207 million) spread across nine addresses on the Ethereum network. Given recent trends, it appears that more transfers may be on the horizon.
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.
Other Posts
Related Posts
News
Hong Kong Crypto ETFs Of HashKey And Bosera Completed Subscription To Launch On April 30
News
iOS Zero-day Exploit Discovered by Trust Wallet Is Causing Confusion Among iPhone Users
Knowledge
