With a total of 228,523 ETH worth $284.82 million, the hacker who used an exploit to steal funds from the now-bankrupt FTX has emerged as the 35th-largest owner of Ethereum.
The hacker converted the stolen funds into various transactions, according to popular cryptocurrency security firm PeckShield.
The hacker exchanged approximately 7,420 BNB on BSC for 1,500 ETH, converting $48 million in DAI to 37,000 ETH, according to the firm. Furthermore, the exploiter traded 3,500 BNB for 962,071.43 BSC USD, 3,500 BNB for 958,560.13 BSC-USD, and 15,000 BNB for 3,899,020.38 BSC-USD separately.
Furthermore, the exploiter transferred approximately 3.9 million swapped BSC-USD to Ethereum via the Celer Network, then to cBridge and Stargate Finance. They were changed for 5.564.83 ETH by the hacker.
The attack
The hacker stole $400 million from FTX wallets during the attack. It's worth noting that the attack happened on the same day that FTX declared bankruptcy.
Furthermore, the attacker transferred the stolen funds via a number of decentralized exchanges (DEX). CowSwap, UniSwap, and 1inch are among the DEX. However, Arkham forensic research discovered that the hacker lost a large portion of the stolen funds while attempting to move them through various chains. The attacker attempted to hide their tracks by transferring assets to different chains.
Hackers identity
Kraken CSO Nick Percoco recently revealed that the hacker's identity is no longer hidden. Percoco claimed in a tweet that the Kraken team knows who carried out the FTX attack.
The tweet was in response to IBC Group CEO Mario Nawfal's post, which stated that the hacker was an inexperienced insider.
After reports surfaced that the hacker used the cryptocurrency exchange to move the stolen funds, Kraken is collaborating with law enforcement to determine the hacker's identity.