1 year ago
According to Chainalysis, “Reports that the funds stolen from FTX were really sent to the Securities Commission of The Bahamas are incorrect.”
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According to blockchain investigation institution Chainalysis, funds stolen from the FTX crypto speech are present being converted from ETH into Bitcoin. On Nov. 20, Chainalysis took to Twitter to promote exchanges to frost these coins, should the thief effort to person them into fiat oregon further obfuscate the assets done different means.
1/ Funds stolen from FTX are connected the determination and exchanges should beryllium connected precocious alert to frost them if the hacker attempts to currency out
— Chainalysis (@chainalysis) November 20, 2022Amid the arguable illness and bankruptcy of FTX, quality broke that an chartless histrion had stolen 228,523 ETH from the exchange. The ownership of these coins, worthy a whopping $268,057,479 USD astatine clip of publication, currently fertile the thief arsenic 1 of the largest owners of ETH successful the world.
Update: FTX Hacker is present actively dumping ETH on-chain
He has dumped astir $15 cardinal ETH successful the past 30 minutes and conscionable prepped a caller batch of $12 million
Still has $270m ETH successful main wallet
He's selling ETH to wBTC to renBTC done aggregators similar 1inch https://t.co/mEd8UHFCO0
Though archetypal reports suggested that all of the funds successful question mightiness beryllium successful the custody of securities regulators successful the Bahamas, Chainalysis poured acold h2o connected this mentation however, stating:
“Reports that the funds stolen from FTX were really sent to the Securities Commission of The Bahamas are incorrect. Some funds were stolen, and different funds were sent to the regulators.”At clip of publication, astir 31,000 ETH had been converted into wrapped BTC. The thief past sent the coins crosschain to a Bitcoin mainnet wallet utilizing the Ren Protocol, with the last magnitude received totalling 2444.55 BTC.
— Garlam (@GarlamWON) November 20, 2022It’s been a pugnacious fewer weeks for those affected by the illness of FTX and its associated companies. Earlier today, a property merchandise indicated that FTX debtors are successful talks with finserv steadfast Perella Weinberg Partners with respect to assorted reorganization attempts. The engagement is taxable to the bankruptcy court’s approval, however.
Meanwhile, the company’s laminitis Sam Bankman-Fried allegedly remains "under supervision" successful the Bahamas, though immoderate fearfulness helium whitethorn effort to fly to Dubai if fixed the opportunity. It is unclear however this concern would play retired ultimately, fixed that the UAE and the USA person an statement connected grounds sharing, judicial practice and assistance successful transgression investigations and prosecutions.
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