Hacker linked to dissolved FTX change actively changing Ethereum into Bitcoin

The hacker related to the now-defunct FTX change, dubbed the ‘FTX drainer’, has been actively changing massive quantities of (ETH) into (BTC). The transactions embrace transfers of 5,624 ETH, 15,000 ETH, and 30,000 ETH. This data was reported by CertiK Alert, a service that tracks illicit actions within the crypto house.

These transactions coincide with the upcoming trial of Sam Bankman-Fried, the previous CEO of FTX. Nonetheless, no concrete connections have been confirmed between these occasions. The hacker has been using a peel chain cash laundering method throughout greater than 80 Bitcoin wallets.

FTX first labeled the incident in November 2022 as a hack by means of its Telegram channel however later revised its assertion, calling it “unauthorized entry”. This modification in terminology has sparked conjecture a few potential inside job throughout the FTX circle. Regardless of these suspicions, no conclusive proof has been offered to substantiate these claims.

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