A mysterious hacker behind the FTX breach, which resulted in the loss of hundreds of millions of dollars, has recently shown activity in their wallet after 10 months of inactivity. The identity of the individual and the technique used in the hack remain unknown.
Arkham Intelligence data revealed that the hacker, holding over $300 million in assets, moved 12.5K ETH for the first time in 10 months. On September 30th, a total of $8 million was transferred via RailGun privacy wallet and Thorchain.
The FTX breach took place on November 11, 2022, shortly after FTX filed for bankruptcy and its founder Sam Bankman-Fried stepped down. The unknown attacker(s) managed to steal more than $600 million worth of Ether, temporarily making them the 35th largest holder of the altcoin.
The stolen funds were initially deposited into CoinMixer, an anonymous Bitcoin mixing service designed to make on-chain Bitcoin transfers harder to track. The hacker then opted for numerous swaps and bridge transfers to further obscure the trail of funds. On-chain sleuth ZackXBT speculated that the funds were likely transferred to crypto exchange OKX after being withdrawn from the mixer.
Arkham Intelligence data revealed that the hacker, holding over $300 million in assets, moved 12.5K ETH for the first time in 10 months. On September 30th, a total of $8 million was transferred via RailGun privacy wallet and Thorchain.
The FTX breach took place on November 11, 2022, shortly after FTX filed for bankruptcy and its founder Sam Bankman-Fried stepped down. The unknown attacker(s) managed to steal more than $600 million worth of Ether, temporarily making them the 35th largest holder of the altcoin.
The stolen funds were initially deposited into CoinMixer, an anonymous Bitcoin mixing service designed to make on-chain Bitcoin transfers harder to track. The hacker then opted for numerous swaps and bridge transfers to further obscure the trail of funds. On-chain sleuth ZackXBT speculated that the funds were likely transferred to crypto exchange OKX after being withdrawn from the mixer.