CertiK Alerts: FTX Drainer Converts ETH to BTC
CertiK has detected new activity related to the FTX drainer, with a significant conversion of 5,624 ETH to BTC through a bridging transaction. This comes after previous alerts indicated that the hacker responsible for stealing from FTX was active again. The monitoring tool had warned that up to 30,000 ETH could be converted to BTC by the hacker.
FTX Hacker Drains 80 Bitcoin Wallets
The hacker has been using a money laundering technique called peel chain, which involves transferring funds between multiple wallets and splitting small amounts with each transaction. As a result, over 80 Bitcoin wallets have been drained during this bridging process.
This series of transactions is suspiciously timed as it occurred just before the fraud trial of former FTX CEO Sam Bankman-Fried. However, no direct connection has been established between the trial and the hacker’s recent activities.
FTX’s Hope Rises with Anthropic’s Boost
Anthropic, a competitor of OpenAI, has recently received a substantial influx of capital from Amazon and Google, totaling $6 billion. This development is significant for FTX creditors, especially considering FTX’s previous commitment of $500 million to Anthropic.
Hot Take: The Ongoing Saga of the FTX Drainer
The notorious FTX drainer continues to make waves in the crypto world with their latest activity. CertiK’s monitoring tool has been instrumental in tracking the hacker’s movements and alerting users to potential risks. The recent conversion of ETH to BTC and the draining of Bitcoin wallets highlight the sophistication and audacity of this individual or group. As investigations continue and trials unfold, it remains to be seen whether the FTX drainer will be brought to justice and whether FTX can recover from this ongoing ordeal.
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