FTX hacker is now the 35th largest holder of ETH

FTX hacker is now the 35th largest holder of ETH


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.

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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

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