FTX Hacker Sends Ethereum Worth $147,000,000 to THORChain – Here’s How Much ETH They Still Own

New developments have emerged regarding the recent hack of cryptocurrency exchange FTX. According to a Twitter post by blockchain analytics firm Scorpescan on October 8th, 2023, the exploiter behind the FTX hack has continued transferring stolen funds out of the Ethereum blockchain.

Specifically, Scorpescan reported that the hacker sent another 15,000 ETH (worth approximately $24.5 million) to decentralized exchange THORChain over the past day. In total, the exploiter has now transferred 90,000 ETH (around $147 million) off of Ethereum so far. Most of these funds have been exchanged to Bitcoin and bridged to the Bitcoin blockchain.

After all of these transfers, the FTX exploiter still holds an estimated 95,748 ETH (worth about $157 million) on Ethereum. This means the hacker has already moved out around 48.45% of the total funds stolen from FTX, which is estimated to be around 186,000 ETH or $306 million in value.

The continued movement of the hacked funds illustrates the difficulties of tracking and recovering from blockchain-related exploits. While the hacker’s identity remains unknown, analysts are closely watching the remaining Ethereum wallet associated with the hack to see if further transfers occur. The implications of the FTX attack continue to unfold for the cryptocurrency world.

We recommend eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Rene Peters
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.

CaptainAltcoin
Logo