Last Friday, the FTX drama took a new turn when it became known that some remaining customer funds had been stolen by a hacker. As per current knowledge, it must have been an inexperienced insider who gained access to FTX’s wallets.
Hacken’s CEO and Co-Founder Dima Budorin Having said That the hacker was able to steal over $450 million from the FTX hot wallet. However, he made a fatal mistake by sending some stolen funds in Tether (USDT) on the Tron blockchain using his verified personal account on the crypto exchange Kraken.
Kraken has already traced the identity of the individual, following which Tether and Paxos blacklisted some assets. “We know the identity of the user,” Kraken CSO Nick Percoko said Friday.
Ryan Miller, General Counsel for the US subsidiary of FTX, Confirmed on Twitter on Saturday that FTX US and FTX.com had moved all their digital assets to cold storage, where they are better protected from attack after Friday’s bankruptcy.
“This evening the process was expedited – to minimize losses when unauthorized transactions are seen,” Miller said.
In a statement, FTX’s Chief Restructuring Officer and CEO John Wray said that in response to the hack, “a proactive fact review and mitigation exercise was immediately launched in response. We are in contact and coordinating with law enforcement and relevant regulators.” are doing.”
FTX hacker turns out to be an ethereum whale
While the lawsuit has already been launched, the hackers began to exchange large amounts of their stolen crypto this morning in European hours.
as informed of By security company PeckShield Alert, several addresses linked to the hacker have caused a massive stir today. Thus, the hacker made the following transactions:
- Converted 7,420 BNB to 1,500 ETH on BSC.
- $48 million in DAI to 37,000 ETH . changed to
- 3,500 BNB exchanged for 962,071.43 BSC USD
- 3,500 BNB exchanged for 958,560.13 BSC-USD
- 15,000 BNB traded for 3,899,020.38 BSC-USD
Subsequently, the hacker converted approximately 3.9 million BSC-USD from Ethereum to Seabridge and Stargate Finance via the Celer network, exchanging them for 5,564.83 ETH. Overall, the hacker is now said to own 217,000 ETH, making him the 35th largest Ethereum (ETH) owner.
FTX hacker is dumping tokens for $eth,
The hacker currently holds 217,000 ETH, making him one of the largest holders.
— Satoshi Stacker (@StackerSatoshi) November 15, 2022
In his latest move, the hacker withdrew 25.000 ETH, approximately $31.6 million from Aave Protocol V2.
At press time, ETH was shocked by the news. ETH was trading above the 50 and 100 SMAs at $1266 on the 1-hour chart.
To start an uptrend, there is a need to cross the $1289 resistance. If Ethereum fails to break this resistance, it could see a further downside. An important support is located at the $1170 level.