A bad actor who hacked the infamous crypto exchange FTX when it collapsed is abruptly moving millions of dollars in crypto assets.
According to data from blockchain intelligence platform Arkham, the FTX hacker, who holds over $300 million worth of digital assets, moved some Ethereum (ETH) for the first time since 2022.
Arkham finds that $8 million worth of the second-largest crypto asset by market cap has been moved to date via smart contract system RailGun (RAIL) and decentralized exchange protocol Thorchain (RUNE).
Arkham’s records show the wallet is known as “FTX Exploiter” to cling $1.7 million in Dai (DAI), $3.97 million in Tether (USDT), $30,000 in USDC, as well as $43,000 in Binance Coin (BNB), $42,000 in Bitcoin (BTC) and $8,500 in Wrapped Bitcoin (wBTC).
In November 2022 – right as the crypto exchange went bankrupt – FTX announced that it had been hacked for an amount of $383 million.
At the time, the company’s general counsel Ryne Miller released a statement notifying traders of the hack and warning investors that FTX had been infected by malware.
“FTX has been hacked. Chat is open. Do not go to the FTX site as it may download Trojans. Please note that money has been raised.”
Days later, it was revealed that the hacker became one of the largest Ethereum whales in the world after consolidating the stolen goods into ETH. According to data from Ethereum explorer Etherscan, the wallet known as “FTX Accounts Drainer” became the 35th largest Ethereum whale in the world at the time.
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Generated image: Midjourney