Hacker Moves a Portion of Stolen Funds from FTX to OKX using Bitcoin Mixer
Hackers who took over $450 million from FTX and FTX US after the bankruptcy filing on November 11 are still trying to launder the funds.
Blockchain-verified and recorded transactions suggest that the hacker has moved approximately 225 BTC ($4.5 million) to OKX.
On November 29, 2022, ZachXBT (a crypto analyst) stated on Twitter that FTX hackers had moved some stolen funds to OKX using ChipMixer. ChipMixer is a brand-new bitcoin mixer service that uses chip-based transactions to ensure greater privacy and anonymity. ZachXBT and @bax1337 looked into the hacker’s deposits and accounted for 225 BTC being sent to OKX.
The crypto analyst said that the FTX attacker started depositing Bitcoin (BTC) into ChipMixer on November 20 by using Ren, which works as a bridge between two cryptocurrencies to bring a coin without smart contracts to another coin that does have smart contracts. ZachXBT observed a pattern with addresses getting funds from ChipMixer. These pursue a matching pattern; “withdrawal from CM,” “50% peels off,” and later, “50% deposited to OKX”.
Cointelegraph described that the hack was identified after FTX declared bankruptcy. When that happened, approximately $477 million was apparently stolen out of the $633 million transferred. The remaining amount was supposedly stored securely by FTX.
Everybody within the crypto community is talking about this because the attackers were able to move assets from FTX global and FTX US (two independent entities) at the same time, causing suspicion that this may have been an inside job.
Source: cointelegraph.com
analyst opinion
Ladislav Horáček
Hackers who took over $450 million from FTX and FTX US after the bankruptcy filing on November 11 are still trying to launder the funds.
Blockchain-verified and recorded transactions suggest that the hacker has moved approximately 225 BTC ($4.5 million) to OKX.
On November 29, 2022, ZachXBT (a crypto analyst) stated on Twitter that FTX hackers had moved some stolen funds to OKX using ChipMixer. ChipMixer is a brand-new bitcoin mixer service that uses chip-based transactions to ensure greater privacy and anonymity. ZachXBT and @bax1337 looked into the hacker’s deposits and accounted for 225 BTC being sent to OKX.
The crypto analyst said that the FTX attacker started depositing Bitcoin (BTC) into ChipMixer on November 20 by using Ren, which works as a bridge between two cryptocurrencies to bring a coin without smart contracts to another coin that does have smart contracts. ZachXBT observed a pattern with addresses getting funds from ChipMixer. These pursue a matching pattern; “withdrawal from CM,” “50% peels off,” and later, “50% deposited to OKX”.
Cointelegraph described that the hack was identified after FTX declared bankruptcy. When that happened, approximately $477 million was apparently stolen out of the $633 million transferred. The remaining amount was supposedly stored securely by FTX.
Everybody within the crypto community is talking about this because the attackers were able to move assets from FTX global and FTX US (two independent entities) at the same time, causing suspicion that this may have been an inside job.
Source: cointelegraph.com
Previous
Next
