confirmed<\/a> Saturday on Twitter that FTX US and FTX.com had moved all of their digital assets to cold storage, where they are better protected from attack, following Friday’s bankruptcy.<\/p>\n“Process was expedited this evening – to mitigate damage upon observing unauthorized transactions,” Miller said.<\/p>\n
In a statement, FTX Chief Restructuring Officer and CEO John Ray said that in response to the hack, “an active fact review and mitigation exercise was initiated immediately in response.\u00a0 We have been in contact with, and are coordinating with law enforcement and relevant regulators.”<\/p>\n
FTX Hacker Becomes A Ethereum Whale<\/h2>\n
While prosecutions have already been initiated, the hacker nevertheless began swapping large amounts of his stolen crypto in the European morning hours today.<\/p>\n
As reported<\/a> by the security company PeckShield Alert, several addresses associated with the hacker have made massive movements today. Thus, the hacker made the following transactions:<\/p>\n\n- Swapped 7,420 BNB on BSC into 1,500 ETH.<\/li>\n
- Converted $48 million in DAI into 37,000 ETH<\/li>\n
- Exchanged 3,500 BNB for 962,071.43 BSC USD<\/li>\n
- Exchanged 3,500 BNB for 958,560.13 BSC-USD<\/li>\n
- Traded 15,000 BNB for 3,899,020.38 BSC-USD<\/li>\n<\/ul>\n
Subsequently, the hacker bridged around 3.9 million exchanged BSC-USD to Ethereum via the Celer Network, to cBridge and Stargate Finance, and exchanged them for 5,564.83 ETH.\u00a0 In total, the hacker is now said to own 217,000 ETH, making him the 35th largest Ethereum (ETH) owner.<\/p>\n