FTX hacker dumps 50,000 ETH, still among top 40 Ether holders

Crypto analytic group CertiK later tracked the bridged renBTC on bc1qvd…gpedg address and found that the address employed a money laundering technique called peel chain to launder the renBTC.

A Peel chain is a technique to launder a large amount of cryptocurrency through a lengthy series of minor transactions. A small portion is ‘peeled’ from the subject’s address in a low-value transfer. These incremental laundered funds are often transferred to exchanges where they can be converted to fiat currency or other crypto assets.

Did you see this? Bahamian SEC claims to have "transfer all digital assets" to a digital wallet that they, not FTX, controls. If FTX is the white hat, then isn't the Bahamian govt the black hat?

_prashantjha “Hacker” aka bahamas gov

_prashantjha 'hacker'

_prashantjha GaryGensler this is a result of you not doing your job properly.

_prashantjha Hacker is not supid as CT gurus, He know what will be he feel. He is clever one 👍

_prashantjha Hmm…. Bahamas govt or sbf? bitcoin ethereum

The FTX hacker drained nearly $447 million out of multiple FTX global and FTX US exchange wallets just hours after the crypto exchange filed for Chapter 11 bankruptcy on Nov. 11.

_prashantjha I don’t think it has left crypto yet.

_prashantjha They converted it to Bitcoin so that it couldn’t be frozen.

Insiders?

So Bahamian Authority, that recently admitted they told Scumbag Sam Bankman Fraud, sold $ETH to buy Wrapped renBTC Bitcoin ?

This is a hundred percent laundering of the amount, otherwise it cannot be

Such a good read. Thanks for sharing, so informative.

I heard they were calling themselves the reverse moon hackers. Sounds all 6's and 7's to me.

Can you fucking stop saying hacker

It can only be seen as a plan of a malicious and organized criminal group in the first place. FTX The punishment for all of them will get bigger. I'm going to go to the end of the world and f*** you. FTX_Official SBF_FTX

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FTX drainer consolidates ether holdings to reach $302 millionThe FTX drainer wallet linked to a possible hack of the now-bankrupt crypto exchange continues to swap more tokens for ether. Sam, is that you? Is it the Bahamian regulator that you call drainer? Is there anything like it?
Source: TheBlock__ - 🏆 464. / 53 Read more »

Ether under pressure as 'FTX Accounts Drainer' cashes out for bitcoinThe so-called 'FTX Accounts Drainer' is swapping its ether stack for bitcoin — and putting downward pressure on the price of ether in the process. *bitcoin that is on Ethereum network lmao
Source: TheBlock__ - 🏆 464. / 53 Read more »

FTX Exploiter Converts Millions in Ether to Alameda-Linked Ren Bitcoin TokensThousands of ether were bridged using the renprotocol, which is closely linked to embattled trading firm Alameda Research. By shauryamalwa renprotocol shauryamalwa Thankss a millon renprotocol shauryamalwa Thankss a millon renprotocol shauryamalwa must check
Source: CoinDesk - 🏆 291. / 63 Read more »

Ether under pressure as ‘FTX Accounts Drainer’ cashes out for bitcoinThe so-called 'FTX Accounts Drainer' is swapping its ether stack for bitcoin — and putting downward pressure on the price of ether in the process.
Source: CryptoPanicCom - 🏆 563. / 51 Read more »

Bitcoin drops to 1-week low, ether slides 7% as FTX collapse ripples through crypto marketThe cryptocurrency market has come under pressure over the last two weeks as problems at major exchange FTX came to light. Ripple Have fun with the Crypto boys..lol
Source: CNBC - 🏆 12. / 72 Read more »

FTX funds on the move as thief converts thousands of ETH into BitcoinApproximately 31,000 ETH have been converted into 2444.55 BTC, though this is only a fraction of the total amount stolen. BTC is the true King. Unfortunately - a perfect reason for US CONgress to try to enforce some foolish crypto regulations... Bitcoin ㅡㅡ 아 미친 2444.55 BTC
Source: Cointelegraph - 🏆 562. / 51 Read more »