FTX hackers, who went dormant for almost ten months, have sprung back into action. On November 21, 2022, they scattered a staggering 185,735 ETH (equivalent to $308 million) across 13 addresses. Now, they are on the move again, transferring and liquidating their ill-gotten gains.
Address: 0x9b10ca213be20b8bc2a398839edd1f6406dc9b47
As of October 3, 2023, the hackers have moved 45,000 ETH (approximately $74.7 million) from three addresses. Recent FTX hacker update indicates that the hacker has continued these transfers, with an additional 15,000 ETH (approximately $24.75 million) moved and exchanged for BTC via the THORChain cross-chain platform on October 4th.
Address: 0xe1e347d5c26a5c9657d817576d25083a2380b60d
Analyzing the FTX Hacker’s Recent Activity
In total, 60,000 ETH (about $99 million) has been moved out through four addresses since September 30, 2023, with a distribution breakdown as follows:
- Of the 60,000 ETH, 56,000 ETH have been exchanged for BTC through THORChain cross-chain.
- Another 2,500 ETH has been converted into 153.4 tBTC and bridged to the Bitcoin network through the Threshold Network.
- Lastly, 1,500 ETH was transferred via the privacy network RAILGUN.
Address: 0xcf9c84f67935fb83077beb0611c9c6e7947d4963
However, the FTX hacker still holds 125,735 ETH (approximately $207 million) spread across nine addresses on the Ethereum network. Given recent trends, it appears that more transfers may be on the horizon.
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