.chainalysis says that the stolen crypto is likely to go through coin mixing services
The stolen cryptocurrency funds were bridged from ETH to BTC, the firm says. This crypto is likely to go through coin mixers before the hacker attempts to cash out the ill-gotten funds. confirmed a hacking incident shortly after filing for bankruptcy, which marked yet another dramatic twist in the rapid implosion of the cryptocurrency giant. Some started speculating about whether or not an FTX insider could be behind the hack.
While the statement made by the Bahamian government did bring some clarity to the table, the fate of the remaining funds remains unclear. , the first clue that a blackhat was behind the attack was when the address in question started using plenty of bridges to make sure that the stolen crypto wouldn't be frozen.
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