FTX Hacker Moves Millions in Ether
Mystery Movement: $4M in ether from last year's FTX scandal is moved after a quiet year, as the founder faces trial soon.
Approximately 2,500 ether, worth $4 million, tied to last year's FTX scandal is being moved after almost a year, according to visible blockchain details.
These funds were split and moved in different ways. 700 ether was sent using Thorchain Router, a system focusing on hiding transaction details. 1,200 ether was moved through Railgun, a secret-keeping digital wallet. Another 550 ether stays in a different wallet.
The exploiter still holds 12,500 ether ($21 million).
The mystery of FTX's Lost Funds
How and who took the funds from FTX is still not known.
On Nov. 11, 2022, wallets linked to the fallen exchange were emptied just after the company declared bankruptcy and its scandal-hit founder, Sam Bankman-Fried, left.
Soon after the money was taken, about 21,500 ether (then worth $27 million) was turned into a stablecoin called DAI.
Sam Bankman-Fried will face trial soon, and he says he is not guilty of any charges.
