FTX Hacker Now Holds 235K ETH, 74K BNB And1.68M DAI

Following multiple swaps and transfers amongst several accounts, the FTX hacker now holds 74K BNB and 235K ETH, making him the 34th largest Ethereum (ETH) holder.

The hacker behind the FTX accounts with ten different accounts identified kept the stolen assets on the move, making multiple swaps across several protocols. Following the multiple swaps, the account currently has balances in several assets, including 74K BNB ($20M), 1.68M DAI, and 235K ETH ($209M). Its ETH balance makes it the 34th largest holder of Ethereum.

Blockchain security platform Peck Shield recently highlighted the hacker’s latest swaps. The wallet identified as FTX Accounts Drainer 10 bridged up to 2,697 ETH from BSC to the Ethereum network in a series of eight uneven transactions using the AnySwap protocol.

The transactions occurred 4 hours ago. Immediately after the successful bridge, FTX Accounts Drainer 10 transferred the 2,697 ETH to FTX Accounts Drainer. Following the transfer, the wallet identified as FTX Accounts Drainer – the hacker’s primary account – now holds about 235,392 ETH, making it the 34th largest ETH holder, per data from Etherscan.

Before the swap involving FTX Accounts Drainer 10, the address identified as FTX Accounts Drainer 9 had bridged 1,998 ETH from BSC to Ethereum in six transactions about 5 hours ago using AnySwap.

The address also swapped $2.7M worth of USDT for 2,173 ETH on Cow Protocol. Following the bridging and swaps, FTX Accounts Drainer 9 transferred the balance of 4,171 ETH to FTX Accounts Drainer. This contributed to the primary account’s 235.3 ETH ($286.7M). Additionally, the primary account holds 8,184 PAXG, valued at $14.5M. This brings its total holdings to $301.2M in ETH and PAXG.

Furthermore, the FTX Accounts Drainer’s wallet on the Binance Smart Chain (BSC) currently holds 74K BNB valued at $20.2M and $1.68M worth of DAI. Five hours ago, the account swapped 34,498 BNB to 4,500 ETH worth $5.5M and $3M worth of BUSD. It then bridged the assets to Ethereum.

The series of swaps and bridging has sparked reactions within the community, with some individuals asserting that the hacker is looking to engage in a sophisticated pump-and-dump scheme, dumping the ETH held for another asset. Notwithstanding, little is known of the hacker’s intentions at the time of reporting.

The Crypto Basic previously reported the movement of 21,155 ETH from three different accounts associated with the hacker to their main account on Tuesday. These transfers followed a swap that involved the selloff of 400B SHIB for 2,346 ETH on Saturday.

Recall that the FTX hacker exploited the exchange last Friday amid the company’s collapse. The exploit saw the hacker cart away with about $400M in multiple assets. Reports have surfaced that the hack was likely an insider job.

Following the exploit, blockchain company Paxos froze 11,184 PAXG worth about $19M associated with the hack. According to an official announcement, Paxos revealed that it had frozen the assets due to a directive from US authorities. Arkham Intelligence noted Monday that the hacker still holds $339M in multiple assets.