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HomeCrypto NewsMarketFTX Hacker Main Account Receives 21,155 Ethereum

FTX Hacker Main Account Receives 21,155 Ethereum

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3 FTX Account Drainers Addresses Move 21,155 Ethereum Coins to Main Address, Increasing Hacker’s ETH Holding.

PeckShieldsAlert shares a new development about the funds carted away by FTX hackers.

Popular cryptocurrency exploits service PeckShieldAlert has revealed that the wallet address of the FTX hacker dubbed FTX Account Drainer has received a huge sum of Ethereum (ETH) from three other addresses involved in the hack.

According to PeckShieldAlert, FTX Accounts Drainers 2, 5, and 6 transferred 21,155 ETH to FTX Account Drainer in the hours leading up to press time.

At the time of writing, the hacker’s wallet address now holds a total of 179,668 ETH, worth approximately $227.5 million at the current exchange rate. 

Previous Holdings of the FTX Hackers’ Wallet Address

The development comes hours after PeckShieldAlert broke down the hacker’s wallet holdings. Per PeckShieldAlert, the total crypto assets in the wallet were worth a combined $340 million following an “arbitrary loss” of $28.6 million. Ethereum was ranked as the top crypto asset in FTX Account Drainer’s address.

At the time, the address held a total of 160k ETH worth $201 million, which accounts for 59% of the $340 million worth of cryptos held in the wallet. Other crypto assets in the address include $85.9 million worth of stablecoins, 145k SOL ($2 million), 148k BNB ($41.7 million), 10k PAXG ($17.8 million), and 30.9 million USDT blacklisted by Tether.

In the wake of the FTX collapse, an attacker drained the wallets of FTX and FTX.US to the tune of $600 million worth of crypto assets.

The exchange’s Telegram admin revealed the development and asked users not to access FTX websites to avoid downloading malware into their devices. Unfortunately, some users were unlucky as they discovered their accounts on the platform had been drained.

Leading cryptocurrency exchange Kraken shared interesting information about the identities of one of the FTX exploiters. Nick Percoco, Chief Security Officer at Kraken, noted in a tweet over the weekend that the exchange knows the identity of the address linked to the exploit. 

Fresh Details

Meanwhile, PeckShieldAlert also observed another unusual activity in the FTX hacker’s address. According to the cryptocurrency exploit service, the owner of the address approved the trading of DAI on CoW Protocol: GPv2VaultRelayer. 

The address, which had about $48.27 million worth of DAI stablecoin, swapped $1 million worth of DAI to 611.15 ETH on the Binance Chain (BNB Chain). Another 10 million DAI were swapped to 7,785.43 ETH. Furthermore, the attacker exchanged another 10.27 million DAI for 7,959 Ethereum coins.

The FTX hacker also exchanged 10k BNB ($2.78 million) for 1,979.5 ETH on the BNB Chain. Over the past 2 hours, the attacker has bridged the swapped ETH coins from the Binance Chain to Ethereum. 

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Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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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