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bitcoin
Bitcoin (BTC) $ 16,997.89
ethereum
Ethereum (ETH) $ 1,262.44
tether
Tether (USDT) $ 0.998744
bnb
BNB (BNB) $ 289.22
usd-coin
USD Coin (USDC) $ 0.998277
xrp
XRP (XRP) $ 0.390593
binance-usd
Binance USD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.099534
cardano
Cardano (ADA) $ 0.317601
solana
Solana (SOL) $ 14.18
matic-network
Polygon (MATIC) $ 0.911565
polkadot
Polkadot (DOT) $ 5.46
tron
TRON (TRX) $ 0.053559
Wednesday, December 7, 2022
HomeCoinsEthereumFTX hacker is now one of many largest ETH holders

FTX hacker is now one of many largest ETH holders

The hacker who used an exploit to steal funds from the now-bankrupt FTX has emerged because the Thirty fifth-largest proprietor of Ethereum, with a complete of 228,523 ETH price $284.82 million.

Well-liked cryptocurrency safety agency PeckShield revealed that the hacker transformed the stolen funds into completely different transactions. 

The agency disclosed that the hacker swapped about 7,420 BNB on BSC for 1,500 ETH, changing $48 million in DAI to 37,000 ETH. Additional, the exploiter individually traded 3,500 BNB for 962,071.43 BSC USD, 3,500 BNB for 958,560.13 BSC-USD, and 15,000 BNB for 3,899,020.38 BSC-USD. 

Moreover, the exploiter bridged about 3.9 million swapped BSC-USD to Ethereum utilizing the Celer Community, then to cBridge and Stargate Finance. The hacker modified them for five.564.83 ETH. 

The assault

Through the assault, the hacker stole $400 million from FTX wallets. Value noting that the assault occurred on the identical day FTX filed for chapter safety. 

As well as, the attacker swapped the stolen funds utilizing quite a few decentralized exchanges (DEX). These DEX embrace CowSwap, UniSwap, and 1inch. Nevertheless, forensic analysis from Arkham found that the hacker misplaced a large quantity of the stolen funds whereas trying to maneuver them by means of completely different chains. The attacker tried to hide their traces by transferring the belongings to different chains.

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Hacker’s identification

In a latest growth, Kraken CSO Nick Percoco, disclosed that the hacker’s identification is not hidden. In a tweet, Percoco claimed that the Kraken crew is aware of the perpetrator of the assault on FTX. 

The tweet got here in response to a submit by IBC Group CEO Mario Nawfal stating that the hacker was an inexperienced insider.

Kraken is working with regulation businesses to unravel the hacker’s identification after studies surfaced that the hacker used the cryptocurrency trade to maneuver the stolen funds.

BitcoinMasterNews

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