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FTX Hacker Moves $17 Million For The First Time In 10 Months After Hack
10/02/2023

FTX Hacker Moves $17 Million For The First Time In 10 Months After Hack

10/02/2023
4,4

The hacking incident occurred right after FTX declared bankruptcy. On September 30, the hacker suddenly became active and moved about $17 million in ETH.

According to analyst firm Arkham, the FTX Exploiter wallet behind the exchange hack holds over $300 million in assets. The assets include $1.7 million worth of DAI, $8,500 worth of wBTC, $42,000 worth of BTC, $3.97 million worth of USDT, $30,000 worth of USDC, and $43,000 worth of BNB.

In November 2022, the company's general counsel, Ryne Miller, reported that the platform was infected with malware. The amount of stolen funds reaches 600 million dollars. The hacker became one of the largest holders of Ethereum, ending up in 35th place.

Over the weekend, the hacker transferred $17 million dollars to five different addresses, according to Spot On Chain. A significant portion ($13 million in ETH) was used to purchase THORChain and the Railgun contract. These protocols are known for their increased privacy. The hacker also converted 2,500 ETH into 153.4 tBTC.

The latest activity of the hacker occurs amid the possible appearance of Ethereum futures ETFs. It is assumed that the hacker is planning to get rid of ETH.

Meanwhile, Sam Bankman-Fried's trial will begin on October 3 and will last six weeks. The former FTX CEO faces seven charges related to fraudulent activity.


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The materials found on the Cryptonica website shall not be taken as individual investment recommendations. The financial instruments or operations mentioned therein may not align with your investment profile or objectives. We assume no responsibility for any missing facts or inaccurate information in the texts. Cryptocurrencies are financial assets with high risk and volatility. Therefore, it is crucial that you conduct your own research on financial instruments and make independent decisions. Before engaging in any actions related to cryptocurrency, you shall study, understand, and comply with the laws applicable in your region and country.

Sam Bankman-Fried


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