Crypto:
29856
Bitcoin:
$67.822
% 2.28
BTC Dominance:
%52.9
% 0.21
Market Cap:
$2.53 T
% 1.90
Fear & Greed:
76 / 100
Bitcoin:
$ 67.822
BTC Dominance:
% 52.9
Market Cap:
$2.53 T

FTX Hacker Transferred Ether!

FTX Hacker

FTX Hacker Transferred Ether!  A hacker, who exploited the wallets of the bankrupt crypto exchange FTX, transferred Ether from an associated wallet. Here are the details!

FTX exchange had filed for bankruptcy after a $600 million drain on November 11, 2022. Immediately after this event,  also FTX’s general counsel, Ryne Miller, issued a warning about a malicious software attack, providing information to traders.

The crypto wallet address associated with the FTX hacker, moved $36.8 million worth of Ether in the last 24 hours while former FTX CEO Sam Bankman-Fried‘s (SBF) court hearings were ongoing. FTX’s bankruptcy filing and the subsequent $600 million fund transfer had caused a significant stir in the crypto world.

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Yesterday’s Ether transfer occurred from four addresses between September 30 and October 1, according to Spot On Chain data. Additionally a total of 10,250 ETH worth $17.1 million were transferred, indicating that the FTX exploiter had started utilizing the stolen funds.

The exploiter initially held 175,496 ETH ($294 million); however, the recent transfers reduced the portfolio to $196.014 million. The FTX hacker transferred a total of 67,500 ETH across five of their 15 wallet addresses.

The FTX exploiter directed a substantial portion of the transfers, moving 64,948 ETH ($108 million) to the THORchain router and 52 ETH ($84,000) to the Railgun contract. Furthermore, they swapped the remaining 2,500 ETH ($4.19 million) with Bitcoin (tBTC).

The arguments presented during the second day of the trial where the Department of Justice accused SBF of misleading investors on the platform, and the defense team’s efforts to explain Bankman-Fried’s role have sparked a major debate in the crypto world.


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