FTX hacker moves over $38 million in past few days

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By BitcoinWiki News

Key Takeaways:

– The FTX hacker has moved 7,500 ether ($12.6 million) and a total of 22,500 ETH ($38 million) over the past two days.
– The hacker holds over 163,000 ETH ($275 million) in ether across several wallets.
– The movement of funds coincides with the upcoming trial of FTX’s former CEO, Sam Bankman-Fried, on fraud and money-laundering charges.
– FTX was the victim of a major hack in 2022, with losses estimated to exceed $350 million.
– The U.S. Justice Department is investigating the incident to identify the hacker’s identity.
– Bankman-Fried suggested that an insider may have acquired the private keys to FTX’s crypto wallets.
– The former CEO of FTX disclosed a series of loans from Bankman-Fried.


Summary:

The individual or entity known as the “FTX hacker” has been moving large sums of money, totaling millions of dollars, from the collapsed crypto exchange FTX. The hacker has transferred 7,500 ether ($12.6 million) in one day and a total of 22,500 ETH ($38 million) over the past two days. The FTX hacker currently holds over 163,000 ETH ($275 million) in various wallets. This comes at a time when FTX’s former CEO and founder, Sam Bankman-Fried, is facing fraud and money-laundering charges. FTX was a victim of a major hack in 2022, resulting in losses of over $350 million. The U.S. Justice Department is investigating the incident, and Bankman-Fried has suggested that an insider may have been involved in acquiring the private keys to FTX’s wallets. It was also revealed that FTX had inadequate security measures in place, potentially contributing to the hack.

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