FTX hacker is now the 35th largest holder of ETH

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

It is still being debated whether the FTX exploit was an inside job, but the Ethereum wallet holding the pilfered funds is now the 35th largest in the world — currently worth over $288 million.

This makes the account dubbed the “FTX Accounts Drainer” the 35th largest Ethereum holder in terms of the number of ETH held., the top holder is the Beacon Chain deposit contract which contains around 15 million ETH. Furthermore, most of those in the top 20 are crypto exchanges, layer-2 protocols, and Decentralized Finance bridges.

The top 20 ETH wallets hold 27.7% of the entire circulating supply and the top 50 hold a third of all ETH.inside job . Director of security operations at analytics firm Certik, Hugh Brooks, alluded to on-chain evidence suggesting such. He told Cointelegraph on Nov. 15 that unless there was a private key compromise, an insider with access to these wallets moving the funds cannot be ruled out.Ether prices have not been impacted by the potential offloading of its 35th-largest holder flooding the markets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Keep using the term “hacker” when y’all know it’s was the back door unlocked. Insider exit scam. Calling a hack is giving them a pass

SBF_FTX

'Hacker'.. Obviously is someone inside

Anyone that thinks it’s a hacker is not all there. It’s an inside job

But they cannot use it, righ?

I'll be surprised if it wasn't an inside job!

It’s frozen yo !!

It looks like inside job, blame the hacker - get anything out while you can. Perfect plan, executed poorly.

what hacker 😂

Exactly SBF is suspect no.1

It's not being debated that it wasn't except for by the media.

There is no hack. The suspect is sitting there playing all you , day by day , same crazy shit goes down. Blame the hackers , Blame anyone but SBF_FTX prime suspect. He wouldn’t be on the run , if he was telling the truth. Dirty Money Laundering Machine noconspiracy Facts

and? …as in WHAT HAPPENS NEXT?!?🤷🏾‍♂️🙄

It will all vanish shortly . Sit back , Grab some popcorn and watch the sitcom play out. The ending will be . . . . No one does nothing . . The wallet gets laundered from ETH to Fiat. The joke is on the sheep tuning in daily. Wake up people. FTX Corruption Crypto SBF

We all know there is no hacker here, just a bunch of scumbags

But actually it is a lie that crypto is freedom. Projects like Monero are banned. But Ethereum can be followed and how will the hacker spend it? It can be followed from address to address until he converts it to fiat. Then they catch him. Unless he converts it to Monero.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FTX Accounts Drainer Swaps Millions in Stolen Crypto, Becomes 35th-Largest Ether HolderThe entity behind last week’s exploit of crypto exchange FTX_Official started to move millions of dollars in stolen funds in European morning hours on Tuesday. By shauryamalwa FTX_Official shauryamalwa 'The entity' keklmao FTX_Official shauryamalwa SBF exit scam druidian FTX_Official shauryamalwa Impressed this is possible with eth, I thought it would’ve been censored by now. Maybe it’s relatively decentralized after all.
Source: CoinDesk - 🏆 291. / 63 Read more »

Ancient Ethereum (ETH) Whale Address Activated After Seven YearsYet another ancient Ethereum address that dates back to 2015 has been activated, with community members speculating about its possible owner
Source: Utoday_en - 🏆 295. / 63 Read more »

Citron Research Remains Bearish on Ethereum (ETH). Here’s Why.CitronResearch believes that $ETH has as many flaws as FTX_Official
Source: Utoday_en - 🏆 295. / 63 Read more »

Elliptic Analysis Says $477 Million Stolen From FTX, 'Accounts Drainer' Becomes 35th Largest ETH Holder – Bitcoin NewsElliptic explained that out of “more than $663 million” worth of tokens moved, “$477 million is suspected to have been stolen.” FTX BOOM! Another winning signal today from ChiefraFba Ok cool, I have recently started using ChiefraFba for signals, his accuracy is INSANE! yea.
Source: BTCTN - 🏆 531. / 51 Read more »