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Market News

FTX Exploiter Transferred Another 22,500 ETH In Past 24 Hours

Since the past six days, the exploiter has transferred a total of around $97 million of ETH from stolen funds.

Written By Gopal Solanky
Published October 5, 2023 1:04 PM·Updated 3 years ago
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FTX Exploiter Transferred Another 22,500 ETH In Past 24 Hours

With the latest transfer of 22,500 Ether (ETH) in the past 24 hours, the FTX exploiter has continued moving stolen funds that it accumulated in last year’s hack. 

The onchain analyst Spotonchain noted that the FTX exploiter has sent another 22,500 ETH, worth approximately $36.9 million, between October 4 and October 5. 

🚨 The FTX Exploiter entity further transferred 22,500 $ETH ($37.1M) to #Thorchain for laundering over the past day.

Overall, a total of 60K $ETH ($100.3M) has been transferred out of 4 FTX exploiter addresses since Sep 30:

– 57,500 $ETH ($96.1M) to Thorchain router & Railgun… https://t.co/QtzHkP9Rmc pic.twitter.com/8CTAO2dLcK

— Spot On Chain (@spotonchain) October 5, 2023

The exploiter has used different addresses to move funds, with a transaction of 7,500 from address 0xa122 and two other transactions of 5,625 ETH and 9,375 ETH from address 0x9B10. 

As usual with its previous transactions, all the funds are directed towards THORChain Router and possibly bridged to Bitcoin. With these latest transactions, the total transfers from stolen funds amount to nearly $98 million. 

The hacker is transferring funds gradually after it first moved 5000 ETH on September 30. It still holds $195.23 million of stolen funds, as per data from Spotonchain. 

FTX Exploiter Balance 
FTX Exploiter Balance 

Also Read: Anthropic Fundraising Could Help Return FTX Creditors’ Funds

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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