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Already a controversial issue, the FTX crisis took a turn for the worse when several hackers broke into the exchange earlier this month. According to recent evidence, a hacker targeting FTX may have used ChipMixer to send 255 BTC ($4.1 million) worth of Bitcoin to OKX.
Twitter user ZachXBT updates the FTX hack story using on-chain analytics to determine what happened to the hacker’s stolen assets as a result.
1/ Myself and @bax1337 spent last weekend looking at FTX attacker deposits on ChipMixer.
Apparently, after leaving CM, they transferred some of the stolen FTX funds to OKX.
We’ve counted at least $4.1 million (255 BTC) sent to OKX so far pic.twitter.com/C46JZWtktn
— ZachXBT (@zachxbt) November 29, 2022
After the latest analysis, the FTX attackers used Bitcoin mixer ChipMixer to transfer some of the stolen assets, estimated to be around $4.1 million or 255 bitcoins, to the OKX exchange. However, according to widespread rumours, the attackers are now believed to be internal employees of the FTX.
It’s also worth noting that hackers stole more than $400 million worth of bitcoin from Bahamas-based cryptocurrency exchange FTX earlier this month. According to sources, the anonymous hacker is currently one of the wealthiest Ethereum owners, with a total of 34 wallets on the Ethereum network holding more than him.
Recently, the latest hack was revealed by now-defunct cryptocurrency exchange FTX, when more than 130 entities of the cryptocurrency conglomerate suddenly filed for bankruptcy. However, the news triggered panic selling in the cryptocurrency market and further diluted the weakened crypto community.
OKX received funds from FTX Hack
There are reports of stolen funds being laundered and transferred to Bitcoin and Ethereum after the failed platform discovered the theft. According to an analysis by Twitter user ZachXBT, these digital assets have now been moved to a different cryptocurrency exchange.
Therefore, November was considered disastrous for the now-disgraced exchange company FTX. The rapid decline of FTT’s native token was driven by misappropriated customer funds and insurmountable debt claims, leading to Chapter 11 bankruptcy.
FTX declared bankruptcy and misappropriated client funds.
Binance is not buying the company.
— Tom Handy (@tomhandy1) November 10, 2022
The now-disgraced Freed’s company, which Sam Bankman operated almost like a criminal organization, suffered a fall from grace unparalleled in industrial history. Millions of dollars were stolen from the site as a result of the hack, but the bad news didn’t end there.
According to CNBC, hackers stole $477 million worth of cryptocurrency from the exchange. The same source reports that a significant part of the stolen large amount was converted into Bitcoin and Ethereum. In addition, it was found that a significant part of the stolen funds was transferred to another bitcoin exchange site.
The tweet claims that they have started transferring some of the stolen FTX cash to OKX. This was discovered after investigating the attacker’s deposits on ChipMixer. The latest data showed that the attacker had sent about $4.1 million to OKX in Bitcoin up to this point. The guy who stole the money is probably using the OKX platform. Undoubtedly, OKX will follow them closely from now on.
JUST IN: FTX hacker moved 255 #BTC ($4.1 million) to OKX #crypto exchange.
— Watcher.Guru (@WatcherGuru) November 29, 2022
About $200 million ETH was split into 12 wallets by the FTX hacker
The hacker who stole more than $447 million worth of bitcoins from the FTX cryptocurrency exchange transfers the stolen funds.
🔥Just In: FTX hacker distributes around $200 million #ETH Among 12 wallets.
— Bitdenex Exchange (@bitdenex) November 22, 2022
According to Etherscan, the attacker transferred 180,000 Ether (ETH) between 4:11 and 4:17 UTC on November 21. Each of the 12 newly created wallets will receive 15,000 ETH. At the time of writing, the transaction totaled $199.3 million.