The hacker that exploited the now-bankrupt FTX exchange last week made a tidy fortune that has propelled them to Ether (ETH) whale status.
Just a day after the embattled FTX exchange filed for Chapter 11 bankruptcy, its wallets were drained for more than $663 million in various crypto assets, according to blockchain intelligence company Elliptic.
Elliptic suspected $477 million of this was stolen, with a large chunk of those tokens being then converted into ETH, while $186 million worth of more than a hundred different tokens was believed to be moved into secure storage by FTX itself.
As reported by Cointelegraph on Nov. 15, the attacker was still draining wallets four days later in what analysts called “on-chain spoofing.”
According to blockchain security firm Beosin, the attacker has conducted