Hacker becomes the 35th largest holder of Ether after hacking FTX
Through the Celer Network and Stargate Finance, the hacker converted about 3.9 million BSC-USD into 5,564.83 Ethereum
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The hacker who earned a nice profit by taking advantage of the now-defunct FTX exchange last week has moved to Ether.
According to blockchain intelligence startup Elliptic, the troubled FTX exchange's accounts were raided for more than $663 million in various crypto assets just one day after it declared bankruptcy. Beosin, a blockchain security company, reports that the attacker held almost $338 million in crypto after carrying out several cross-chain transactions throughout the previous day.
The attack happened on the same day that FTX requested bankruptcy protection. He also traded the stolen money on decentralised markets consisting of 1 inch, CowSwap, and UniSwap. However, according to forensic analysis from Arkham, the hacker lost a significant portion of the stolen money while attempting to move it via various channels. By moving the assets to other chains, the attacker tried to hide their tracks.
PeckShield, a well-known bitcoin security company, disclosed that the hacker used the stolen money for other activities. The company revealed that the hacker exchanged 37,000 ETH worth $48 million in DAI for about 7,420 BNB on BSC. The exploiter additionally exchanged 3,500 BNB for 958,560.13 BSC-USD, 3,500 BNB for 962,071.43 BSC-USD, and 15,000 BNB for 3,899,020.38 BSC-USD in separate transactions.
According to the amount of ETH possessed, this account is the "FTX Accounts Drainer" as the 35th largest Ethereum holder.
