FTX Hacker Swaps 29.7k BNB; Becomes 31st Largest Eth Holder

FTX hacker trades 29.7k BNB. After FTX, a cryptocurrency trading platform is facing a $600 million hack. The FTX hacker is now the 31st largest Eth holder amid the ongoing liquidity crisis, according to today’s report.
According to the report, Ryne Miller, FTX’s general counsel, confirmed that the exchange was hacked on November 11. The hacker continues to send digital assets from multiple FTX wallets and FTX US wallets after the insolvency.
Arkhamintel tweeted today that the FTX hacker traded 29,752 BNB for 5,000,000 USDT, and 2,001 eth on BSC. This was exchanged on the ETH mainnet for 6,079 Ether. The hacker account 0x59 currently holds 241,471 Ether. The hacker is now the 31st largest Eth holder after this exchange.
The attack occurred on the same day as FTX filed for bankruptcy. The hacker also used the stolen money to trade on decentralised markets like 1 inch, CowSwap and UniSwap. Arkham forensic analysis shows that the hacker did not lose a lot of the stolen funds while trying to move it through different channels. The hacker tried to hide their tracks by moving assets to other chains.
Aftereffects of FTX collapsing
The market’s recent collapse of FTX has caused a huge disruption. In the last seven days, Bitcoin prices dropped more than 7%. The Ethereum price is expected to drop dramatically because the Drainer may decide to sell off assets in order for them to liquidate. Pricing has not been affected by the potential unloading Ether’s 31st largest holding. ETH traded at $1,260 at the time of writing, unchanged for the day.
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