In response to information supplied by blockchain safety agency PeckShield, the hacker who hijacked the now-bankrupt FTX cryptocurrency alternate has simply transferred 180,000 Ethereum (ETH) tokens to 12 completely different addresses.
The aforementioned tokens are value roughly $199 million on the time of writing.
The unhealthy actor drained roughly $447 million out of the failed alternate and its US-based subsidiary shortly after FTX International filed for chapter.
The FTX pockets drainer immediately grew to become one of many largest holders of the second-largest cryptocurrency.
On Nov. 20, the pockets moved 50,000 ETH tokens to a brand new tackle. The hacker then swapped the stolen tokens to Ren Bitcoin (renBTC), a model of Bitcoin that’s powered by the Ethereum blockchain. Notably, the renBTC token has ties to Alameda Analysis, a failed buying and selling agency intently linked to FTX Group.
In response to security-focused blockchain analytics platform CertiK, the hacker is laundering the ill-gotten crypto by a number of intermediate addresses, which is a transaction sample generally known as a “peel chain.”
ETH is at present buying and selling at $1,114 after declining 8.9% during the last 24 hours.