With Sam Bankman-Fried’s trial fast approaching, one of the wallets associated with the FTX hack last November has moved over $8 million. At the time of writing, the various wallets associated with the attack still contain around $310 million.
More than $8 million transferred by FTX hacker
After some ten months of inactivity, the attacker(s) who stole over $350 million from the FTX exchange on the night it declared bankruptcy have just started moving funds around. At the time, the timing was already rather unsettling and suggested an inside job, especially as the funds had been transferred from both FTX and FTX US, 2 separate branches.
In any case, today, one of the wallets that received part of the $350 million transferred the equivalent of $8.36 million in Ethers in 2 transactions of $4.18 million each, 3 hours apart.
As can be seen in the infographic below, the attackers then routed the entire amount through at least 4 different addresses:
Figure 1 – First transactions carried out by the hackers
Then, surprisingly, one of the addresses swapped $2.09 million worth of ETH for tBTC before sending it to the Ethereum burn address (0x00). Another of the addresses transferred around $920,000 to Railgun, which anonymizes transactions.
In parallel, 4.62 million dollars were transferred from 2 different addresses to the Thorchain bridge, before being transferred to new addresses.
Figure 2 – Wallet transfers to Thorchain, Railgun and the Ethereum burn address
At the time of writing, the wallet used to start these transfers (0x3e957efc6d1bf1d91412269cd04855ad92696e) still holds $16.7 million. In total, the various wallets associated with the FTX hackers currently hold around $310 million.
Almost a year after the fact, we still don’t know how these hundreds of millions of dollars were stolen and by whom. With regard to the FTX case, Sam Bankman-Fried’s trial is due to start on October 3, and is expected to last until November 9.
