FTX Hacker Moves $8 Mllion in Stolen Funds for the First Time in 10 Months

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As FTX faced its melodramatic collapse, a mysterious hacker absconded with hundreds of millions of dollars. 10 months later, on-chain information unveiled immoderate caller enactment wrong the wallet of the alleged perpetrator.

The individuality of the idiosyncratic liable and the precise method employed successful the multi-million dollar hack continued to stay shrouded successful enigma earlier the abrupt transfers.

  • According to data from Arkham Intelligence, the FTX Hacker holding much than $300 cardinal of assets was moved for the archetypal clip successful 10 months. The code continues to clasp 12.5K ETH.
  • A full of $8 cardinal was observed to person been transferred via RailGun privateness wallet and Thorchain connected September 30th.
  • Arkham’s information disclosed 2 transactions successful which the hacker transferred 2,500 ETH, with each batch having a worth of $4 million.
  • The FTX breach occurred connected November 11, 2022, soon aft FTX filed for bankruptcy portion its founde­r Sam Bankman-Fried stepped down from his position.
  • During this incident, an chartless attacker(s) managed to siphon much than $600 cardinal worthy of Ether, which concisely made it the 35th largest holder of the altcoin.
  • Initially, the hacker initially deposited the stolen funds to CoinMixer – which is an anonymous Bitcoin mixing work designed to marque on-chain Bitcoin transfers harder to track.
  • In a bid to further obscure the way of funds, numerous swaps and span transfers were opted by the entity.
  • Following the incident, salient on-chain sleuth ZackXBT besides speculated that the hacker had apt transferred those funds to crypto speech OKX aft withdrawing from the mixer.

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Source Cryptopotato