FTX hacker moved 180,000 ETH to various cryptocurrency wallets.
The attacker had stolen hundreds of millions of dollars from FTX, which had filed for bankruptcy protection.
Alarm for FTX Hacker
The hacker who stole nearly $400 million worth of digital assets from the bankrupt cryptocurrency exchange FTX has resurfaced. According to data from Etherscan, the hacker moved 180,000 ETH, worth about $200 million, to 12 separate crypto wallets.
Blockchain experts said the attacker was likely an insider with access to the exchange’s cold wallets. Kraken’s security team said they knew the hacker’s identity because they used personal verified accounts to pay transaction fees.
Another blockchain firm, Arkham Intelligence, stated that the FTX attacker was right to panic and lost a significant amount of money trying to convert the coins.
The hacker’s move today was to convert the funds to renBTC (a version of Bitcoin on the Rhine bridge). Ren is known as a blockchain bridgehead with close ties to Alameda Research.
Crypto experts have warned exchanges that the hacker may want to convert their coins into fiat money.
