FTX hacker is now one of the largest ETH holders

The hacker who utilized an exploit to bargain funds from the now-bankrupt FTX has emerged arsenic the 35th-largest proprietor of Ethereum, with a full of 228,523 ETH worthy $284.82 million.

The FTX exploiter, who has been dumping each different drained assets for ETH, is present 1 of the largest holders successful the world, with 228,523 ETH ($284.82m) presently successful their wallet.

Everyone should support an highly adjacent oculus connected what happens next… pic.twitter.com/SAP3UkyVaa

— Dylan LeClair (@DylanLeClair_) November 15, 2022

Popular cryptocurrency information steadfast PeckShield revealed that the hacker converted the stolen funds into antithetic transactions. 

The steadfast disclosed that the hacker swapped astir 7,420 BNB connected BSC for 1,500 ETH, converting $48 cardinal successful DAI to 37,000 ETH. Further, the exploiter traded 3,500 BNB for 962,071.43 BSDC USD, 3,500 BNB for 958,560.13 BSC-USD, and 15,000 BNB for 3,899,020.38 BSC-USD. 

Additionally, the exploiter bridged astir 3.9 cardinal swapped BSC-USD to Ethereum utilizing the Celer Network, past to cBridge and Stargate Finance. The hacker changed them for 5.564.83 ETH. 

The attack

During the attack, the hacker stole $400 cardinal from FTX wallets. Worth noting that the onslaught occurred connected the aforesaid time FTX filed for bankruptcy protection. 

In addition, the attacker swapped the stolen funds utilizing galore decentralized exchanges (DEX). These DEX see CowSwap, UniSwap, and 1inch. However, forensic research from Arkham discovered that the hacker mislaid a monolithic magnitude of the stolen funds portion attempting to determination them done antithetic chains. The attacker tried to conceal their traces by transferring the assets to different chains.

Hacker’s identity

In a caller development, Kraken CSO Nick Percoco, disclosed that the hacker’s individuality is nary longer hidden. In a tweet, Percoco claimed that the Kraken squad knows the perpetrator of the onslaught connected FTX. 

The tweet came successful effect to a station by IBC Group CEO Mario Nawfal stating that the hacker was an inexperienced insider.

Kraken is moving with instrumentality agencies to unravel the hacker’s individuality aft reports surfaced that the hacker utilized the cryptocurrency speech to determination the stolen funds.

The station FTX hacker is present 1 of the largest ETH holders appeared archetypal connected CryptoSlate.