Address Called ‘FTX Hacker’, SHIB and Sells These 26 Altcoins!

Cryptocurrency exchange FTX is facing an attack. In the morning, it turned out that many altcoins were withdrawn from the exchange and transferred to different addresses. These altcoins include cryptocurrencies such as SHIB, LINK, AVAX. In the last few hours, altcoin transfer has exceeded $ 600 million. Here are the details…

FTX hacker on the move: Performs cryptocurrency transactions

Crypto exchange FTX came to the fore with the flow of millions of funds from FTX wallets. In just a few hours, about 600 million dollars of abnormal transfer took place. USDT, the stablecoin pegged to the US dollar, was exchanged for DAI. It was also revealed that StETH Solana, BNB, LINK, AVAX, MATIC and other tokens were withdrawn by the hacker. The attacker is exchanging all crypto assets for DAI and ETH.

As we reported on Kriptokoin.com, in the morning, the FTX Community Chat administrator announced to the Telegram group that FTX was hacked. He popped up a message saying his FTX apps were infected with malware. It warned users to delete the app.

$600 million out of FTX wallets

As it is known, FTX came to the fore with a bankruptcy filing yesterday. Sam Bankman-Fried stepped down as CEO and appointed restructuring expert John J. Ray III as the new CEO. FTX’s new CEO, John J. Ray III, announced consultants Alvarez & Marsal and law firm Sullivan and Cromwell as consultants to restructure FTX. The attack in question came after these announcements.

On November 12, suddenly large amounts of funds started moving from FTX and FTX US wallets to a single wallet. However, on-chain data shows that FTX wallets have been hacked. There is talk of the hacker getting help from people working in the company to gain access. Ryne Miller, FTX US General Counsel, said in a tweet:

We are investigating anomalies in wallet movements related to the consolidation of FTX balances between exchanges. The situation is uncertain as other movements are not clear. We’ll share as soon as we get more.

Hacker has 26 coins including SHIB

On-chain data shows that funds are transferred from FTX and sold via decentralized exchange (DEX). Address starting with 0x59ab currently sells UNI, stETH, 1INCH, WBTC, SUSHI, YFI and LDO. Other tokens are still held, including PAXG, LINK, MATIC, AAVE, SNX, SHIB and APE. In addition, $166 million in funds are transferred to the address starting with 0xd801, including FTT, SRM, MATIC, CHZ, DYDX, BAND, MANA, ENS, CEL, HT, GRT, GALA, CRV and other tokens.