Yello Paradisers! There’s been a significant development related to the FTX hack from last year. Let’s dive into the details!
📰 Hacker’s Recent Activity
A wallet linked to the FTX exchange hack has been active recently, transferring about $38 million worth of Ethereum (ETH). This comes just as the trial of Sam Bankman-Fried, associated with FTX, is about to begin.
📰 Transaction Details
The wallet became active on Sept. 30, transferring 6,250 ETH (valued at $10.46 million) in three separate transactions. These transactions utilized privacy tools like RailGun and THORChain. On Oct. 1, the attacker moved around 12,250 ETH in two transactions via THORChain. In total, over the weekend, the hacker transferred 22,500 ETH, equivalent to $38 million.
📰 SpotOnChain’s Analysis
Blockchain analytics firm SpotOnChain confirmed the fund movements. They reported that 7,749 ETH (around $13 million) were moved using THORChain and Railgun. Additionally, the hacker exchanged 2,500 ETH (approximately $4.19 million) for 153.4 tBTC.
📰 Background on the FTX Hack
FTX was exploited for a staggering $400 million just a day after announcing its bankruptcy. This led to widespread speculation that the hack might have been an inside job. Almost a year later, the identity of the attacker remains a mystery.
📰 Concerns in the Crypto Community
Despite the recent transactions, the hacker’s wallet still holds assets worth $287 million, including 163,249 ETH and 3.9 million USDT. The crypto community is anxious about these holdings, fearing that any large-scale transactions by the hacker could negatively impact ETH’s price, especially given its recent bullish trend.
📰 Final Thoughts
The FTX hack remains one of the most significant breaches in the crypto space. With the trial of Sam Bankman-Fried looming and the hacker’s recent activity, all eyes are on how this saga will unfold.
Stay safe and always double-check your security measures, Paradisers!
ParadiseTeam🌴
