1 year ago
On Nov. 20, the FTX Exploiter relationship began to commencement shifting the stolen funds erstwhile again — totaling 50,000 Ethereum (ETH) valued astatine an estimated $60 million.
The FTX hacker is doing things…
They sent 25k ETH to different wallet and person been actively selling into RenBTC implicit the past fewer hours.
They sold different 3k ETH a fewer minutes ago.
And person sold 18K ETH ($21.7M) of the 25k truthful far.
Can't we conscionable chill connected a Sunday? pic.twitter.com/WLwlU943R9
— Aylo (@alpha_pls) November 20, 2022
Spread astir crossed a four-hour window, the hacker archetypal shifted 5000 ETH, past 10,000 ETH twice, and past yet a further 25,000 ETH to another wallet.
Source: Arkham IntelligenceFunds bridged from ETH to renBTC
With $60 cardinal successful ETH connected the caller ‘0x866’ wallet, the FTX Exploiter past began bridging portions of the 50,000 ETH utilizing RenBridge, the blockchain bridging level backed by Alameda Research.
The $477 cardinal received by the "FTX drainer" ethereum relationship is present being bridged to Bitcoin, utilizing RenBridge (owned by Alameda!)
$28 cardinal successful ETH has been converted to RenBTC truthful acold this morning, of which $18 cardinal has been bridged to BTC.https://t.co/46DhCaX7GQ
— Tom Robinson (@tomrobin) November 20, 2022
The FTX Exploiter continued to swap the bulk of the 50,000 ETH into renBTC and bridged a full of 692 renBTC.
Currently, astatine property time, the ‘0x866’ wallet holds astir 10 ETH and 0.092 renBTC which harvester for a full worth of astir $13,000.
Concerns surrounding Ethereum
In airy of the 50,000 ETH to renBTC bridging lawsuit today, concerns person begun to resonate connected Twitter regarding the authorities of Ethereum, arsenic seen beneath — explained by the laminitis of YCC, Duo Nine.
If #Ethereum is "better" than BTC, wherefore is this #FTX hacker dumping it for #Bitcoin?
Actions talk louder than words and this is simply a wide $250 mil ballot connected #BTC.
Will see buying #ETH erstwhile it is backmost astatine 3 digits. pic.twitter.com/V29apdHC3o
— Duo Nine | discord.gg/ycc (@DU09BTC) November 20, 2022
The interest expressed by Duo Nine prompted a number of responses, them excessively displaying worries surrounding Ethereum ranging from SEC regulation, centralization, and ETH proviso locked up.
While chiefly speculation, the 1 close interest pointed retired by the Twitter user, Oracle, is the question toward a ‘censored’ Ethereum blockchain strategy — as covered earlier this week.
Standing astatine 78.18% astatine property time, the full regular mean of Office of Foreign Assets Control (OFAC) compliant blocks connected the Ethereum blockchain steadily continues to rise.
The terms of Ethereum fell beneath $1,200 connected the time to a debased of $1,155, a driblet of 3% from the play precocious of $1,233.
The station FTX Exploiter swaps 50K ETH to BTC swap sparking interest for Ethereum arsenic ETH dips 3% appeared archetypal connected CryptoSlate.
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