Hacker Snags $288 Worth of Ether After Stablecoin Trade

  • The FTX hacker has accumulated roughly $288 million worth of Ether. 
  • The unidentified looter reportedly exchanged stablecoins for the world’s second-largest crypto. 
  • The latest ether haul makes the hacker the 35th largest holder of the token in the world. 

The notorious crypto hacker that raided FTX as the exchange was collapsing now has the 35th largest pile of ethereum tokens in the world. 

The unidentified looter reportedly exchanged $49 million worth of stablecoins for ether on Tuesday, significantly adding to their holdings of the second-largest crypto by market capitalization, according to a report from Bloomberg. The hacker’s haul of ether now amounts to roughly 228,525 tokens worth $288 million. 

The move comes as Sam Bankman-Fried’s crypto exchange filed for bankruptcy last Friday, leaving many wallet holders wondering if they would be able to recover funds still trapped on the marketplace.

So far, roughly $663 million in crypto tokens have left FTX, with an estimated $477 million of the total liquidation possibly being stolen. The remainder of the withdrawals have been moved into secure storage housed by FTX, Bloomberg said.  

The unnamed hacker has moved some of the funds using Kraken’s crypto exchange, drawing police attention and an investigation into the matter.  

 

 

 


Be the first to comment

Leave a Reply

Your email address will not be published.


*