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FTX attacker continues swapping tokens; exchanges $7.95M BNB for BUSD, ETH

by SB Crypto Guru News
November 17, 2022
in Crypto Exchanges
Reading Time: 1 min read
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The attackers who drained $600 million from the now-bankrupt change FTX, swapped practically 30,000 BNB tokens for Ethereum (ETH) and Binance USD (BUSD) on Nov. 17. in three transactions, information from Bscscan exhibits.

Within the first transaction, the attacker exchanged 10,000 BNB tokens, price $2.67 million on the time, for 2001.5 ETH, valued at round $2.4 million, on Pancakeswap. Within the subsequent transaction, the hacker swapped BNB price $3.94 million for BUSD valued at $3.69 million. The exploiter then exchanged 5,014.26 BNB for $1.29 million price of BUSD.

Whereas nobody has claimed duty for the assault, allegations quickly arose a couple of “backdoor” created by former FTX chief Sam Bankman-Fried to maneuver funds between FTX and Alameda Analysis.

The attacker’s pockets presently holds $11.8 million price of BNB tokens. The attacker additionally holds round 290,000 ETH, making the exploiter the thirty fourth largest ETH holder.

The hacker has been persistently swapping and shifting tokens since earlier this week, between 8:00 and 10:00 am UTC.

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Tags: 7.95MAttackerBitcoin NewsBNBBUSDContinuesCrypto NewsCrypto UpdatesETHExchangesFTXLatest News on CryptoSB Crypto Guru NewsSwappingtokens
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