FTX Hacker Moves 5000 ETH After 10 Months, Bridges to BTC

FTX hacker transfers funds after 10 months of the exploit by moving 5,000 Ether (ETH) in two 2,500 ETH transactions on September 30.
FTX Hacker Moves 5000 ETH After 10 Months, Bridges to BTC
FTX Hacker Moves 5000 ETH After 10 Months, Bridges to BTC

On September 30, a series of transactions were made by the FTX exploiter to transfer money from the main address to other addresses.

The exploiter sent a total of 5,000 ETH worth about $8.4 million across several addresses through the two 2,500 ETH transactions.

The majority of the money is still in ETH, but it has converted almost 1,950 ETH into BTC and tBTC, a Threshold network-developed Bitcoin derivative token.

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FTX Hacker Transfers Funds

In the initial transaction, the exploiter transferred 2,500 ETH, of which 1,200 ETH was sent to the privacy smart contract Railgun and over 700 ETH was bridged to Bitcoin via ThorChain. A new address received 550 ETH in addition.

After a few hours, the exploiter transferred 2,500 more ETH in a second transaction using the same method, while also converting 1,250 ETH into roughly 76.8 tBTC.

More over 10,000 ETH, or about $16.7 million, are still held at the hacker address. For the first time in ten months, it has moved money. 15,000 ETH were taken from FTX exchange via the November 2022 exploit.

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