Ethereum Classic

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


The attackers who drained $600 million from the now-bankrupt exchange FTX, swapped nearly 30,000 BNB tokens for Ethereum (ETH) and Binance USD (BUSD) on Nov. 17. in three transactions, data from Bscscan shows.

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

While no one has claimed responsibility for the attack, allegations soon arose about a “backdoor” created by former FTX chief Sam Bankman-Fried to move funds between FTX and Alameda Research.

The attacker’s wallet currently holds $11.8 million worth of BNB tokens. The attacker also holds around 290,000 ETH, making the exploiter the 34th largest ETH holder.

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

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