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 value $284.82 million.
The FTX exploiter, who has been dumping all different drained property for ETH, is now one of many largest holders on the earth, with 228,523 ETH ($284.82m) at present of their pockets.
Everybody ought to hold an especially shut eye on what occurs subsequent… pic.twitter.com/SAP3UkyVaa
— Dylan LeClair 🟠 (@DylanLeClair_) November 15, 2022
Widespread 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 traded 3,500 BNB for 962,071.43 BSDC 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
Throughout the assault, the hacker stole $400 million from FTX wallets. Price 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. Nonetheless, forensic analysis from Arkham found that the hacker misplaced an enormous quantity of the stolen funds whereas trying to maneuver them via completely different chains. The attacker tried to hide their traces by transferring the property to different chains.
Hacker’s id
In a latest growth, Kraken CSO Nick Percoco, disclosed that the hacker’s id is not hidden. In a tweet, Percoco claimed that the Kraken staff is aware of the perpetrator of the assault on FTX.
The tweet got here in response to a put up by IBC Group CEO Mario Nawfal stating that the hacker was an inexperienced insider.
Kraken is working with legislation businesses to unravel the hacker’s id after experiences surfaced that the hacker used the cryptocurrency trade to maneuver the stolen funds.
