On-chain sleuth ZackXBT has tracked down a number of the blended Bitcoin funds stolen by the mysterious FTX hacker this month.
The analyst discovered that $4.1 million price of Bitcoin (255 BTC) has ended up on OKX, a cryptocurrency change.
- As explained on Twitter, the hacker initially deposited the stolen funds to CoinMixer – an nameless Bitcoin mixing service designed to make on-chain Bitcoin transfers tougher to trace.
- The primary CoinMixer deposit was made on November twentieth after the attacker used Ren Bridge to maneuver property from Ethereum’s blockchain to Bitcoin’s. As of Tuesday, there may be $7 million in ETH remaining on the address.
- After analyzing the deposits, ZackXBT mentioned that the hacker had possible transferred these funds to OKX, after withdrawing from the mixer.
- “Thus far we’ve accounted for a minimum of $4.1m (255 BTC) despatched to OKX,” he mentioned.
- The analyst additional elaborated that fifty% of funds have been “peeled off” publish CoinMixer withdrawal, as one other 50% have been despatched to OKX.
- The FTX hacker drained over $400 million in funds from the change simply hours after it declared chapter on November eleventh. It has since commenced quite a few swaps and bridge transfers obscuring the path of the funds.
- At one level, the exploiter’s handle became the thirty fifth largest holder of ETH, although the attacker’s identification stays unknown.
- Bahamian regulators claimed earlier this month that they have been those behind the hack, having directed the switch of funds to its personal pockets for “safekeeping.” Nevertheless, some suspect that this may very well be an inside job.
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