The curious case of FTX and the hacker that holds ETH worth $300 million
Ever since information across the FTX trade began doing rounds, the complete cryptocurrency market was crippled with FUD. With every passing day, authorities are discovering surprising info round SBF and the trade.
As of 19 November, PeckShieldAlert posted a tweet, which said that the principle cryptocurrency pockets related to an FTX drainer held 250,735.1 Ethereum [ETH] tokens. These ETH tokens have been value $302.6 million at press time. With this, the drainer’s pockets was the twenty seventh largest ETH holder thus far.
#PeckShieldAlert FTX Accounts Drainer 1 presently holds 190.5 $BNB ($51.5k) & ~1.68M $DAI on BSC
0x2Cfe has swapped ~44,235.4 $BNB for 3k $ETH & 7.5M stablecoins
These ~7.5M stablecoins then have swapped for ~6.2k $ETH
All swapped $ETH has consolidated to FTX Accounts Drainer 1 pic.twitter.com/LbLxMhUyS4— PeckShieldAlert (@PeckShieldAlert) November 19, 2022
The most recent transactions embody one related account exchanging over 44,000 BNB for 3,000 ETH and $7.5 million in stablecoins. These stablecoins have been then exchanged for six,200 ETH, leading to a complete transfer of 9,200 ETH to the principle FTX drainer pockets, in response to EtherScan. Two different related wallets additionally transferred over 10,000 ETH to the principle pockets.
Final week, FTX’s funds have been siphoned off to completely different wallets. Twitter consumer Zack Voell famous suspicious transactions value $400 million. It was across the identical time that FTX filed for chapter following its crash.
Rumored that an FTX hack is ongoing.
And FTX .com is down.
— Zack Voell (@zackvoell) November 12, 2022
Early this week, an unrelated crypto pockets account exchanged 34,000 BNB for 4,500 ETH and three million Binance USD. The pockets moreover held 87.5% Ether. The pockets holder, who was additionally the thirty fourth largest ETH holder at that time, moreover transferred $5.1 million in ETH and $3.3 million in ETH respectively from two different wallets into the first pockets.
FTX thriller: A hack in play or an inside job?
There have been speculations about whether or not these transactions have been associated to a hacking rip-off or an inside job. This was particularly contemplating that FTX had paused consumer withdrawals when its funds have been revealed.
FTX had included these particulars when it filed for bankruptcy in courtroom. FTX additionally said that it has knowledgeable the U.S. Lawyer’s Workplace, the Securities and Alternate Fee (SEC), and the Commodity Futures Buying and selling Fee (CFTC) on the identical.
As regulatory our bodies additional examine the matter, it will likely be a problem for them to retrieve these funds, given the lengthy path of transactions. FTX has claimed that it has belongings and liabilities value $10-50 billion, with over 100,000 collectors.
