FTX Hacker Receives Tips On How To Launder $400 Million Loot. Summary:.
18 Jan 2023, 08:00
FTX Hacker Receives Tips On How To Launder $400 Million Loot
Summary:
Coinbase Director Conor Grogan spotted Ether transfers to the “FTX Accounts Drainer” with private notes on how to move the assets undetected.The hacker was advised to leverage less popular and more privacy-based crypto mixer protocols.The U.S. Justice Department launched an investigation into the matter after nearly $400 million was stolen from Sam Bankman-Fried’s bankrupt crypto exchange. In a bizarre turn of events, the FTX hacker who drained roughly $400 million in digital assets from Sam Bankman-Fried’s crypto exchange received tips on how to launder the stolen funds using mixing protocols.
Coinbase Director Conor Grogan noticed Ether (ETH) transfers to the wallet labeled “FTX Account Drainer” on the block explorer Etherscan. The transaction carried a message directing the hacker on how to launder their massive lot.