Express

FTX Accounts Drainer Converts Millions in Stolen Funds to Ether

Tris Bell

Summary: The accounts drainer who stole $600 million from crypto exchange FTX last week moved millions of dollars of stolen funds early European hours Tuesday. The funds were stolen from customers’ crypto wallets late Friday, after which FTX sent out a notice saying it had been hacked and warned customers not to install any new upgrades ...

The accounts drainer who stole $600 million from crypto exchange FTX last week moved millions of dollars of stolen funds early European hours Tuesday.

The funds were stolen from customers’ crypto wallets late Friday, after which FTX sent out a notice saying it had been hacked and warned customers not to install any new upgrades and to delete all FTX apps.

According to blockchain data, more than 21,555 ether, or $27 million, were transferred from multiple addresses linked to the accounts drainer to a single address. The ether were later converted to stablecoin DAI on the swapping service CowSwap.

The accounts drainer accumulated more than $48 million of DAI and converted them into 37,000 ether, making it the 35th largest owner of the cryptocurrency according to data by security firm PeckShield.

Author: Tris Bell

Last Update:

Tags: ,,,,,,
Link: FTX Accounts Drainer Converts Millions in Stolen Funds to Ether   [Copy]
  • Bitcoin Surges to New Highs, Momentum Points to Further Gains 3 days ago
  • Circle Intensifies Stablecoin Push with Key Exchange Partnerships 4 days ago
  • Trump's "Big and Beautiful" Bill Passes: Biden and Harris Criticize, Financial Expert O... 9 days ago
  • Silicon Valley Giants, Trump Ally Launch 'Crypto Bank' Erebor, Aiming to Fill SVB Void 11 days ago
  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 16 days ago
  • You need to login to comment.