Researchers have been looking into what happened to the FTX haul.
The hacker behind last fall’s $474 million FTX hack has picked a strange time to shuffle around their stolen haul: right as the trial began of FTX CEO
“After all this, we’re being hacked?” an unnamed former FTX staffer told Wired’s Andy Greenberg they remembered thinking. “With the onset of the FTX trial and the substantial public attention and media coverage it is receiving, the individual accountable for draining the funds might be feeling an increased urgency to conceal the assets,”“It’s also plausible that the FTX drainer harbored an assumption that the trial would monopolize so much attention from the Web3 industry that there would be insufficient bandwidth to trace all stolen funds while also covering the trial concurrently,” Brooks continued.
“Soon Ramanathan was holding between $400 and $500 million in the company’s crypto assets on a USB drive in his Westchester County home,” Greenberg reported.“He’s a total boss. It’s my pretty strong feeling that if we hadn’t pulled this Ledger stunt, we would have lost significantly more money.
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