In a recent development, CertiK has uncovered fresh activity associated with the enigmatic figure known as the ‘FTX hacker.’
Specifically, their monitoring tool detected a substantial conversion of 5,624 Ethereum (ETH) into Bitcoin (BTC) via a bridging transaction.
#CertiKSkynetAlert 🚨
— CertiK Alert (@CertiKAlert) October 4, 2023
The FTX drainer has bridged another 5,624 ETH to BTC
Receiving wallets:
Bc1q8…m7zcy
Bc1qs…fyhdy
Bc1q7…3tg27https://t.co/4J3l9hyvjX
This development closely follows alerts indicating the resurgence of the hacker responsible for siphoning millions from the now-defunct FTX exchange.
Remarkably, the CertiK Alert system had previously issued warnings suggesting that the hacker might embark on bridging up to 30,000 ETH into BTC just days prior to this conversion.
Notably, on 30 September, CertiK identified the hacker’s initiation of the conversion of approximately 15,000 ETH into BTC.
This marked a significant departure from their previous transaction history, with the last recorded activity dating back to November 2022.
Delving deeper into the hacker’s methods, CertiK’s report sheds light on the utilisation of a peel chain, a money laundering technique characterised by the movement of funds across numerous wallets, with incremental splits of minuscule amounts in each transaction.
Notorious #FTX Hacker Resurfaces, Shifts 5,684 ETH into Bitcoin
— Envy News (@envynews) October 5, 2023
CertiK, in a recent development, has reported fresh activity linked to the notorious FTX drainer.
Specifically, the tool spotted a significant conversion of 5,624 #ETH to #BTC through a bridging transaction.
As of 2 October, this bridging process had impacted over 80 Bitcoin wallets, which had seen their balances drained as a result of these transactions.
The latest update from Certik showed that the ETH was bridged to THOR.
#CertiKSkynetAlert 🚨
— CertiK Alert (@CertiKAlert) October 4, 2023
The FTX Drainer has transferred 9,375 ETH (~$15.4m) to EOA 0x1010B.
Following a series of additional transfers, the ETH was bridged to THOR.
Stay Vigilant!https://t.co/YC6Cr3YhrG
The timing of this flurry of activity warrants scrutiny, occurring mere days before the commencement of the fraud trial of former FTX CEO Sam Bankman-Fried (SBF).
Although the proximity in timing has naturally raised questions, it is essential to note that no definitive connections have been established between the ongoing trial and the recent manoeuvre of the elusive hacker.
* Original content written by Coinlive. Coinbold is licensed to distribute this content by Coinlive.