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In a recent spate of activities, the hacker implicated in the FTX theft has reallocated a sum of 30,000 Ethereum (ETH), presently estimated to be worth around $51.15 million. The transactions commenced with two initial transfers of 2,500 ETH each, and were followed by multiple transfers in varying amounts: 1,250 ETH, 2,500 ETH, 1,500 ETH, 4,750 ETH, and two distinct transfers of 7,500 ETH each.

Notably, despite these significant transactions, the assailant remains in possession of a substantial cache of crypto assets. Current holdings in the FTX associated wallet include 155,749 ETH, estimated at over $268 million, along with 3.97 million Tether (USDT), 1.68 million DAI, and 1.57 Bitcoin (BTC), amongst other diverse crypto assets and ERC20 tokens.

This development coincides with the impending trial of FTX’s former CEO, Sam Bankman-Fried, which is set to commence on October 3 with the initiation of jury selection. The timing of these events has fueled speculation that the massive crypto heist could potentially be an operation from within the organization itself.

In a discussion with journalist Tiffany Fong, Bankman-Fried indicated that the culprit could potentially be a former staff member. “My suspicions are centered on a group of around eight individuals, though it’s still unclear who exactly is responsible,” he confided to Fong. The breach became evident on the same day that FTX announced its bankruptcy. Former FTX US General Counsel, Ryne Miller, confirmed that an internal investigation is underway, focusing on irregularities found in FTX account balances. Concurrent to this, Martin Lee from Nansen Analytics noted significant withdrawals from FTX-related accounts.

We invite you to share your insights and perspectives on this ongoing FTX saga in the comments section below.

Frequently Asked Questions (FAQs) about FTX Hacker

What is the total amount of Ethereum that the FTX hacker has moved?

The hacker implicated in the FTX theft has reallocated a total of 30,000 Ethereum (ETH), which is currently estimated to be worth around $51.15 million.

Who is speculated to be behind the FTX hack?

Former FTX CEO Sam Bankman-Fried has indicated that the perpetrator could potentially be a former employee of the company. He has narrowed down his suspicions to a group of around eight individuals.

What other assets does the hacker still hold?

The hacker still holds a significant amount of crypto assets including 155,749 ETH valued at over $268 million, 3.97 million Tether (USDT), 1.68 million DAI, and 1.57 Bitcoin (BTC), among other diverse crypto assets and ERC20 tokens.

When is the trial for FTX’s former CEO, Sam Bankman-Fried, set to begin?

The trial for FTX’s former CEO, Sam Bankman-Fried, is set to commence on October 3, starting with the jury selection process.

Has FTX announced any actions following the theft?

The breach was first detected on the day FTX declared bankruptcy. Former FTX US General Counsel Ryne Miller stated that an internal investigation is underway, focusing on irregularities found in FTX account balances.

What other observations have been made related to FTX accounts?

Martin Lee from Nansen Analytics noted significant withdrawals from FTX-related accounts, concurrently with the internal investigation into irregularities in FTX account balances.

Is there any speculation on whether the FTX hack was an inside job?

Yes, the timing of the hacker’s fund transfers and the impending trial of FTX’s former CEO has fueled speculation that the heist could potentially be an operation from within the organization.

More about FTX Hacker

  • FTX Official Statement on the Breach
  • Interview with Sam Bankman-Fried by Tiffany Fong
  • Nansen Analytics Report on FTX Withdrawals
  • Update from Former FTX US General Counsel Ryne Miller
  • Overview of Recent Ethereum Transactions Related to FTX
  • Coverage of FTX Bankruptcy Announcement

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7 comments

Rick_101 October 3, 2023 - 1:15 am

so the hacker still has 268 mil left? They’re basically a one-man bank at this point. Crazy.

Reply
Mike_Finance October 3, 2023 - 6:01 am

If it turns out to be an inside job, that’s gonna send shockwaves thru the crypto community. No one’s safe then.

Reply
AnitaWrites October 3, 2023 - 8:21 am

Jury selection on Oct 3? thats gonna be some trial to watch. wonder if the theft will affect the proceedings.

Reply
EconGuy October 3, 2023 - 9:24 am

The timing’s super fishy. And the former CEO only suspects 8 ppl? What about external threats?

Reply
Ellie_Tech October 3, 2023 - 11:55 am

This is why crypto needs regulation. Too much at stake here and the Wild West atmosphere isn’t helping.

Reply
JamesD October 3, 2023 - 7:21 pm

Whoa, 51 mil in 3 days? Thats some serious movement. Anyone got a clue how they’re able to move so much without getting caught?

Reply
CryptoQueen October 3, 2023 - 8:16 pm

Absolutely terrifying that hackers can pull this off. Also, coincidence much? The CEO’s trial and this happening at the same time? I don’t think so.

Reply

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