Are you aware of the audacious FTX hacker who moved millions worth of assets recently? The notorious individual, who breached the infamous crypto exchange FTX, has shockingly begun transferring a vast amount of crypto assets.
The Unanticipated Move
As per the data acquired from the blockchain intelligence platform Arkham, the hacker who reportedly possesses over $300 million in digital assets has transferred a portion of Ethereum (ETH) for the first time since 2022. Remarkably, the movement of about $8 million of the second-largest crypto asset by market cap was accomplished using the smart contract system RailGun (RAIL) and the decentralized exchange protocol Thorchain (RUNE).
The Hacker’s Wallet
The wallet identified as the “FTX Exploiter” is known to hold an assortment of assets: $1.7 million worth of Dai (DAI), $3.97 million worth of Tether (USDT), $30,000 worth of USDC, along with $43,000 worth of Binance Coin (BNB), $42,000 worth of Bitcoin (BTC), and $8,500 worth of Wrapped Bitcoin (wBTC).
FTX’s Decline and the Hack
In November 2022, around the time when the crypto exchange was heading towards bankruptcy, FTX reported a massive hack costing them $383 million. Ryne Miller, the firm’s general counsel, issued a statement alerting traders about the hack and cautioning investors that FTX had been infected by malware. Not long after, it came to light that the hacker had become one of the largest Ethereum whales globally after converting the stolen assets into ETH.
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Please note, investments in Bitcoin, cryptocurrency, or digital assets always carry a degree of risk. It’s essential to conduct thorough due diligence before making any high-risk investments.
