FTX Accounts Drainer Swaps Millions in Stolen Crypto, Becomes 35th-Largest Ether Holder

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FTX Accounts Drainer Swaps Millions in Stolen Crypto, Becomes 35th-Largest Ether Holder
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The 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

The addresses, over several transactions, amassed over $48 million of DAI and swapped it all into 37,000 ether. The address now holds over 288,000 ether and is the 35th-largest owner of the cryptocurrency, blockchain data pointed out by security firm PeckShield shows.

Separately, some stolen 7,420 BNB tokens, worth just above $2 million, were converted to 1,500 ether using BNB Chain-based exchange PancakeSwap. The exploiter then bridged the converted ether to the Ethereum network.

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