- FTX hackers move 15,000 ETH, approximated at $24.75 million, converting it to BTC.
- Since September 30, a total of 60,000 ETH has been shifted via four distinct addresses.
- Hackers’ current ETH holding spans nine addresses, totaling an astounding 125,735 ETH.
FTX, one of the prominent players in the crypto exchange world, has once again been thrust into the limelight, albeit for reasons they’d much rather avoid. The culprits behind the FTX hack have made another calculated move, this time converting a vast sum of their Ethereum (ETH) loot into Bitcoin (BTC) through the decentralized platform, THORChain.
Read CRYPTONEWSLAND on
google news
This strategic conversion involved the transfer of 15,000 ETH, an amount that hovers around the $24.75 million mark. This transaction signifies not just the magnitude of the hack but also the deliberate and paced approach of the hackers, making tracking and recovery increasingly complex.
Scrutiny into their activities since September 30 reveals the transfer of a massive 60,000 ETH using four separate addresses, pointing towards an attempt to obfuscate their trails and diversify holdings. Their reach doesn’t end here. At present, these hackers have consolidated their ill-gotten gains across nine addresses, amounting to a whopping 125,735 ETH.
While law enforcement and cybersecurity experts are undoubtedly working to trace and apprehend the perpetrators, these moves indicate a high level of sophistication and understanding of the crypto realm. As the situation continues to unfold, FTX users and the wider crypto community will be keenly watching for any updates, hoping for a breakthrough that could lead to the recovery of stolen assets.
Recommended News :
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
