FTX exploiter moves $4 million worth of Ether after ten months of inactivity
- The FTX exploiter moved 2,500 ETH worth $4 million on September 30.
- The entity has moved the stolen funds after nearly 10 months of inactivity.
- The exploiter withdrew nearly $600 million worth of cryptos on November 11 before the FTX exchange went under.
The now-defunct FTX exchange was exploited for nearly $600 million worth of cryptocurrencies on November 11. The stolen cryptos were sent to multiple wallets. On September 30, the exploiter moved nearly $4 million worth of Ether (ETH) after ten months of inactivity.
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FTX hacker moves stolen funds
The exploiter, who is rumored to be an insider, moved 2,500 Ether (ETH) worth roughly $4 million in the early Asian session on September 30. The move from the bad actor seems well-timed, considering it occurred over the weekend when trading liquidity and volumes on exchanges are typically low, and the impact on crypto prices will be the highest.
Transaction hash of exploiter’s recent move
After the initial exploit on November 11, the hacker moved the stolen funds to 12 crypto wallets containing 15,000 ETH each. The funds moved today belong to one of these wallets containing 15,000 ETH.
Author
Akash Girimath
FXStreet
Akash Girimath is a Mechanical Engineer interested in the chaos of the financial markets. Trying to make sense of this convoluted yet fascinating space, he switched his engineering job to become a crypto reporter and analyst.
