One of the largest holders of Ether is the hacker who robbed Sam Bankman-Fried of his collapsed crypto exchange FTX.
Security specialists PeckShield reported that a wallet linked to the exploit swapped approximately $49 million worth of stablecoins, mainly Dai, for Ether on Tuesday.
#PeckShieldAlert FTX Accounts Drainer has swapped 48.27M $DAI (~$48.36M) to 37.57k $ETH (~$47.69M) on Ethereum
Arbitrary loss: -$671,424.25
FTX Accounts Drainer currently holds 228,523.83 $ETH (~$288M) and makes the address become the 35th largest holder of ETH pic.twitter.com/8oukNomdDf
— PeckShieldAlert (@PeckShieldAlert) November 15, 2022
This brings the attacker’s Ether to haul up to 228,523 (or about $288 million) — the 35th largest amount of the coin according to data from Etherscan.
The company’s recent bankruptcy was made worse by the theft from FTX. It is possible that there are more than one million creditors who wonder if they will be able to get their money back from the platform.
According to Elliptic, a blockchain specialist, FTX wallets were emptied of more than $663 million worth of tokens. $477 million was suspected to be stolen. The remainder was moved into secure storage by FTX.
The perpetrator of this exploit, which was both jaw-droppingly and mysterious at the same time, has not been publicly identified.
The hacker used Kraken’s crypto exchange to transfer funds. Kraken said that it was in contact with law enforcement regarding the matter.
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