The hacker that exploited the now-bankrupt FTX change final week made a tidy fortune that has propelled them to Ether (ETH) whale standing.
Only a day after the embattled FTX change filed for Chapter 11 chapter, its wallets have been drained for greater than $663 million in varied crypto property, based on blockchain intelligence firm Elliptic.
Elliptic suspected $477 million of this was stolen, with a big chunk of these tokens being then transformed into ETH, whereas $186 million value of greater than 100 completely different tokens was believed to be moved into safe storage by FTX itself.
As reported by Cointelegraph on Nov. 15, the attacker was still draining wallets four days later in what analysts called “on-chain spoofing.”
According to blockchain security firm Beosin, the attacker has conducted multiple swaps and cross-chain transactions over the past day and currently holds around $338 million in crypto assets as of Nov. 15.
FTX Accounts Drainer (0x59AB…32b) has conducted multiple swap and cross-chain operations for the past day and currently holds ~$338,598,702 of assets.
The majority of the funds are held in the
0x59ABf3837Fa962d6853b4Cc0a19513AA031fd32b address.Current balance: pic.twitter.com/SMrkbcwULL
— Beosin Alert (@BeosinAlert) November 15, 2022
Included is a whopping 228,523 ETH, based on the pockets handle, value round $288.8 million at present market costs.
This makes the account dubbed the “FTX Accounts Drainer” the thirty fifth largest Ethereum holder by way of the variety of ETH held.
In accordance with CoinCarp’s Ethereum wealthy checklist, the highest holder is the Beacon Chain deposit contract which comprises round 15 million ETH. Moreover, most of these within the high 20 are crypto exchanges, layer-2 protocols and decentralized finance (DeFi) bridges.
The highest 20 ETH wallets maintain 27.7% of your entire circulating provide and the highest 50 maintain a 3rd of all ETH.
The exploits occurred on each FTX and FTX.US, main many to invest that it may have been an inside job. Director of safety operations at analytics agency Certik, Hugh Brooks, alluded to on-chain proof suggesting such. He informed Cointelegraph on Nov. 15 that until there was a non-public key compromise, an insider with entry to those wallets transferring the funds can’t be dominated out.
Associated: FTX bankruptcy freezes millions worth of crypto company funds
Ether prices have not been impacted by the potential offloading of its 35th-largest holder flooding the markets.
At the time of writing, ETH was trading flat on the day at $1,260, according to CoinGecko. The asset has lost around 23% since the FTX debacle began.
