Movement of 60,000 ETH Traced on FTX Account from Late September

By Owen Patter Oct 5, 202344Views

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FTX Drainer Causes Disruption in the Crypto Community

A notorious FTX account drainer has recently made significant money transfers, causing disruption in the crypto community. Since late September, a total of 60,000 ETH has been moved from four wallet addresses. Previously, these wallets held close to 200K ETH, but their balance has now decreased to 125K ETH.

FTX Drainer Transfers 7,500 ETH

Certik Alert, a blockchain sleuth, reported that an FTX drainer wallet transferred 7,500 ETH (worth $12.3 million) to EOA 0x395d9. This is just one of many transactions involving the FTX drainer since late September.

Possible Motives Behind the Attacks

The perpetrators behind the large hacks that led to losses of $323 million and $90 million remain unidentified. However, there are speculations linking the attacks to SBF, with some suggesting that the recent fund movements are aimed at generating funds for legal expenditures related to an ongoing case involving SBF.

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Owen Patter

Owen Patter is a distinguished crypto analyst, accomplished researcher, and skilled editor, leaving a notable imprint on the cryptocurrency landscape. As a proficient crypto analyst and researcher, Owen delves into the intricate realms of digital assets, offering insights that resonate with a diverse audience. His analytical acuity is harmoniously paired with adept editorial skills, allowing him to transform complex crypto information into easily comprehensible content. Owen's contributions serve as a valuable guide for both seasoned enthusiasts and newcomers, aiding them in navigating the dynamic world of cryptocurrencies with well-researched perspectives. With a meticulous commitment to precision, he empowers informed decision-making in the ever-evolving crypto domain.