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HomeCrypto NewsMarketHere's How Much FTX Hacker Now Holds In BTC, ETH, And BNB

Here’s How Much FTX Hacker Now Holds In BTC, ETH, And BNB

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PeckShieldAlert gives a breakdown of the FTX hacker’s holdings today.



The FTX hacker’s wallet address now holds about $340 million in crypto after taking $28.6 million in “arbitrary losses,” according to PeckShieldAlert in a tweet an hour ago.

According to the exploit alert service, the address currently holds 160k ETH ($201 million), accounting for about 59% of its total holdings. Other tokens include $85.9 million in stablecoins, 148k BNB ($41.7 million), 10k PAXG ($17.8 million), 145k SOL ($2 million), and roughly 30.9 million USDT blacklisted by Tether.

 

FTX and FTX.US experienced an exploit last weekend, just hours after it filed for chapter 11 bankruptcy, as reported by The Crypto Basic. The hacker drained both exchange wallets of over $600 million in crypto assets.

Consequently, an administrator on the official FTX telegram channel urged users to delete FTX apps and avoid the website warning of malware, per a CoinDesk report. The exploit has also forced the exchange to move its remaining digital assets to cold storage, as FTX US General Counsel Ryne Miller disclosed in a tweet.

Several users disclosed that their balances had turned to zero during the attack.

The exchange is making the necessary effort to protect user assets while actively working with law enforcement in response to the hack, per a statement from Chief Restructuring officer and CEO of FTX, John Ray, shared by Miller on Twitter. In addition, the information revealed that the platform was working to remove withdrawal and trading functions.

Notably, Kraken has said that it has identified the owner of the Kraken address tied to the exploit. It comes as on-chain investigators traced some of the loot to the crypto exchange.

“We know the user’s identity,” said Nick Percoco, Chief Security Officer at Kraken, in a tweet on Saturday.

“We can confirm our team is aware of the identity of the account associated with the ongoing FTX hack, and we are committed to working with law enforcement to ensure they have everything they need to investigate this matter sufficiently,” a spokesperson of the exchange told Bloomberg. 

Whether or not this person is directly responsible or if their account was compromised is yet to be revealed. However, it is clear that the hack significantly impacts the chances of customers getting fair compensation from the defunct crypto exchange.

Per the previous report, crypto Twitter speculates that the hack is the work of an insider.

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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