FTX hacker still draining exchange wallets? Analyst calls it on-chain spoofing

FTX hacker still draining exchange wallets? Analyst calls it on-chain spoofing


The FTX hacker that drained over $450 million worth of assets just moments after the doomed crypto exchange filed for bankruptcy on Nov. 11, continues to drain assets from the exchange, four days after the hack was first flagged.

Crypto analytic firm Certik, in a tweet, noted that the hacker wallet is still draining crypto assets from the wallets associated with the FTX and FTX.US. The FTX hacker wallet currently holds $62 million worth of assets.

Since Nov. 12 the hacker wallet has received and swapped 3.2 billion meme tokens and sent 2.8 billion of these tokens to popular addresses. These meme tokens mostly comprised profanity tokens such as FTX Sucks, Fuck FTX, CRO Next and more.

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Meme tokens sent and received by FTX exploit address. Source: Certik

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