The entity behind last week’s exploit of crypto exchange FTX_Official started to move millions of dollars in stolen funds in European morning hours on Tuesday. By shauryamalwa
The addresses, over several transactions, amassed over $48 million of DAI and swapped it all into 37,000 ether. The address now holds over 288,000 ether and is the 35th-largest owner of the cryptocurrency, blockchain data pointed out by security firm PeckShield shows.
Separately, some stolen 7,420 BNB tokens, worth just above $2 million, were converted to 1,500 ether using BNB Chain-based exchange PancakeSwap. The exploiter then bridged the converted ether to the Ethereum network.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX Founder Secretly Moved Funds Through Backdoor: FTX InsiderFTX insider has reportedly stated that recent FTX 'hack' was illegal withdrawal of funds from FTX to Alameda Research
Read more »
Crypto Exchange Kraken Freezes Accounts of FTX, Alameda Research, Their Executives – Exchanges Bitcoin NewsCrypto exchange Kraken has frozen a handful of accounts owned by the bankrupt FTX Group, AlamedaResearch, and their executives. cryptocurrency
Read more »
Crypto exchange Kraken freezes accounts related to FTX and AlamedaCrypto exchange Kraken has frozen the accounts of certain accounts associated with FTX and its executives after monitoring 'recent developments with the FTX estate.'
Read more »
Report: Sam Bankman-Fried Used FTX Customer Accounts to Fund Investment FirmSam Bankman-Fried’s trading firm, Alameda Research, allegedly traded billions of dollars from FTX customers’ accounts and leveraged the crypto exchange’s native token as collateral.
Read more »
Hong Kong to avoid FTX-like scenario through transparency and supervisionHong Kong's Financial Secretary didn't take offense at FTX's collapse. Instead, he highlighted the importance of maintaining safety and properly managing risks.
Read more »