{"id":8572,"date":"2022-11-15T22:10:10","date_gmt":"2022-11-15T22:10:10","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=8572"},"modified":"2022-11-15T22:10:11","modified_gmt":"2022-11-15T22:10:11","slug":"ftx-hacker-is-now-one-of-the-largest-eth-holders","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=8572","title":{"rendered":"FTX hacker is now one of the largest ETH holders"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p>The hacker who used an exploit to steal funds from the now-bankrupt FTX has emerged as the 35th-largest owner of Ethereum, with a total of 228,523 ETH worth $284.82 million.<\/p>\n<p lang=\"en\" dir=\"ltr\">The FTX exploiter, who has been dumping all other drained assets for ETH, is now one of the largest holders in the world, with 228,523 ETH ($284.82m) currently in their wallet.<\/p>\n<p>Everyone should keep an extremely close eye on what happens next\u2026 pic.twitter.com\/SAP3UkyVaa<\/p>\n<p>\u2014 Dylan LeClair \ud83d\udfe0 (@DylanLeClair_) November 15, 2022<\/p>\n<p> Popular cryptocurrency security firm PeckShield revealed that the hacker converted the stolen funds into different transactions.\u00a0<\/p>\n<p>The firm disclosed that the hacker swapped about 7,420 BNB on BSC for 1,500 ETH, converting $48 million in 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.\u00a0<\/p>\n<p>Additionally, the exploiter bridged about 3.9 million swapped BSC-USD to Ethereum using the Celer Network, then to cBridge and Stargate Finance. The hacker changed them for 5.564.83 ETH.\u00a0<\/p>\n<h2>The attack<\/h2>\n<p>During the attack, the hacker stole $400 million from FTX wallets. Worth noting that the attack occurred on the same day FTX filed for bankruptcy protection.\u00a0<\/p>\n<p>In addition, the attacker swapped the stolen funds using numerous decentralized exchanges (DEX). These DEX include CowSwap, UniSwap, and 1inch. However, forensic research from Arkham discovered that the hacker lost a massive amount of the stolen funds while attempting to move them through different chains. The attacker tried to conceal their traces by transferring the assets to other chains.<\/p>\n<h2>Hacker\u2019s identity<\/h2>\n<p>In a recent development, Kraken CSO Nick Percoco, disclosed that the hacker\u2019s identity is no longer hidden. In a tweet, Percoco claimed that the Kraken team knows the perpetrator of the attack on FTX.\u00a0<\/p>\n<p>The tweet came in response to a post by IBC Group CEO Mario Nawfal stating that the hacker was an inexperienced insider.<\/p>\n<p>Kraken is working with law agencies to unravel the hacker\u2019s identity after reports surfaced that the hacker used the cryptocurrency exchange to move the stolen funds.<\/p>\n<h2>Get an Edge on the Crypto Market \ud83d\udc47<\/h2>\n<p>Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.<\/p>\n<p>  <strong>On-chain analysis<\/strong><\/p>\n<p>  <strong>Price snapshots<\/strong><\/p>\n<p>  <strong>More context<\/strong><\/p>\n<p> Join now for $19\/month Explore all benefits<script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/ftx-hacker-is-now-one-of-the-largest-eth-holders\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The hacker who used an exploit to steal funds from the now-bankrupt FTX has emerged as the 35th-largest owner of Ethereum, with a total of 228,523 ETH worth $284.82 million. The FTX exploiter, who has been dumping all other drained assets for ETH, is now one of the largest holders in the world, with 228,523 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-8572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/8572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8572"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/8572\/revisions"}],"predecessor-version":[{"id":8574,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/8572\/revisions\/8574"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/8573"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}