Oxscope, the first Web3 Knowledge Graph Protocol, shared a tweet today. In the tweet shared by Oxscope, it was thought that there were addresses that could know the activity of the FTX hacker. According to the Information Protocol, there are smart money addresses that can take advantage of this. In particular, Oxscope claimed that a suspicious address was controlled by Binance as an exchange. As Kriptokoin.com, we inform you about the developments regarding the claim.
Will Binance respond to these allegations?
The best Web3 Knowledge Graph Protocol included the following in his Twitter post on November 22:
We always find a smart money address that borrows 10 million USDC/ETH and deposits the FTX-drainer ETH to trade before dumping it. He probably knows about the effectiveness of the FTX-drainer and benefits from it.
We find a smart money (or dark money?) address that always borrows >$10M USDC/ETH and deposits it to exchange every time before FTX-drainer dumps ETH.
Chances are he knows the activity of FTX-drainer and benefits from it:
🧵— 0xScope (@ScopeProtocol) November 22, 2022
Also, Oxscope uncovered the activity of a suspicious address transferring USDC to Binance. As a result, there were rumors that Binance knew the KYC of the address. In addition, Oxscope said that a questionable address always borrows more than $10 million. It also revealed that the FTX hacker deposited ETH on the exchange just before trading it.
0xScope found a address that always borrows >$10M USDC/ETH and deposits it to exchange every time before FTX-drainer dumps ETH, which may knows the activity of FTX-drainer and benefits from it. It also transfer USDC to Binance and Binance should know its KYC（or fake KYC）.
— Wu Blockchain (@WuBlockchain) November 22, 2022
Cryptocurrency exchange Binance has not yet made a clear statement.
Leading crypto exchange Binance has yet to give a response on this matter. But Oxscope’s latest tweet raises some serious questions. Specifically, Binance needs to have an idea about the KYC of the suspicious address, according to experts.
According to the latest reports, the FTX hacker sent 15 thousand ETH to 12 different addresses. The total value of its assets is currently approximately $200 million. On November 21, the FTX hacker transferred $195k in Ethereum from his wallet. As a result, it is thought that the hacker will replace the transferred ETH with Bitcoin (BTC). In addition, the events led to a further decline in the price of Ethereum (ETH).
FTX hacker sells ETH and renBTC
Along with the experiences, the crypto money market has suffered a serious loss of confidence. In the past 30 days, the Bitcoin price has dropped by 17 percent. It was also dropped after BTC Genesis was rumored to be on the verge of bankruptcy. BTC price is down 2.17 percent in the last 24 hours and is currently trading at $15,775. According to the data, Bitcoin has lost more than $59 million in the last 24 hours.
With all this, Arkham Crypto Intelligence discovered the hacker’s scheme. It was reported that the hacker was active between 11:00 and 13:00 CEST. The hacker, who created a new account for each transaction, drew attention. The hacker moved 50 thousand ETH to the new address. Then, in parts, it turned into renBTC, which is a kind of ERC-20 version of Bitcoin. It was reported that the hacker moved 10 thousand ETH to a new wallet around 12.30 pm on November 21st and converted it to renBTC there.
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