SECURITY

Asset value doubles! FTX hackers transfer another $7.4 million in Bitcoin, laundering over $600 million.

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Asset value doubles! FTX hackers transfer another $7.4 million in Bitcoin, laundering over $600 million.

The information platform Arkham tweeted this morning that the FTX attacker has once again transferred 168.8 bitcoins, currently valued at $7.427 million, today, transferring over 60% of the stolen assets to date. According to statistics, the hacker, who originally estimated to have stolen assets worth millions of dollars, has now laundered a total value of $600 million.

Funds lost by FTX! Several Twitter celebrities warn that the FTX app has been hacked and funds have been sold: Delete the app to prevent security risks.

FTX Hacker Laundered Another $7.42M

According to the monitoring data from the online platform Arkham, the FTX hacker sent a total of 168.8 bitcoins to 3 addresses today, amounting to $7.42 million in illicit assets. bc1qsv address.

The data shows that the attacker initially sent 108.8, 40, and 20 bitcoins to 3 different addresses, and then interacted with over 12 addresses to launder the stolen funds in an attempt to cover their tracks, using similar methods as before.

Arkham stated that the FTX hacker has now laundered 60% of the stolen assets, with a total value exceeding $600 million at today's prices.

Frequent Money Laundering Disrupts Protocols

It is understood that the FTX hacker initially transferred 4,540 bitcoins through the cross-chain bridge protocol Ren, which was previously acquired by Alameda, at the end of November 2022, valued at about $75 million at the time.

However, with the price of Bitcoin nearly tripling over the past year, the funds are now worth $185 million.

Subsequently, in October last year, he exchanged a total of $142 million worth of Ethereum into Bitcoin through the cross-chain liquidity protocol THORChain, and immediately deposited it into a mixer. If he continues to hold the Bitcoin assets, their current value has exceeded $220 million.

As a result, THORSwap, the trading aggregator under THORChain, has been disrupted, and even announced a week-long maintenance period to avoid potential legal concerns:

Recently, illegal funds have been frequently traded through THORChain, especially THORSwap. We strongly oppose and do not allow any criminal activities. After discussions and assessments with legal advisors and law enforcement agencies, we have decided that the THORSwap platform will temporarily enter maintenance mode.

FTX Hacker's Identity Still Unknown

What is concerning is that over a year has passed, and the true identity of the FTX hacker remains unknown.

There is speculation in the community that it may be a former employee or development team, while some believe it is controlled by the Bahamian government. However, this topic always sparks various opinions and has also been publicly debunked by online detective ZachXBT.

Online Detective ZachXBT: The FTX hacker is real, don't confuse it with the Bahamian government!

Furthermore, as the illegal assets held by the FTX hacker continue to rise, it is foreseeable that FTX victims will face more difficulties, especially in the FTX 2.0 restructuring plan, as the compensation for cryptocurrency assets will be evaluated based on the "bankruptcy price," causing dissatisfaction among users and leading to a significant amount of controversy.

FTX Cryptocurrency Compensation Evaluated Based on "Bankruptcy Price," Opposing Customers Must Submit Before 1/11