FTX Hacker Now Has 35th Largest ETH Holdings

FTX News

The FTX hacker has advanced to an ETH whale status with ETH worth $288 million, according to its current market value. 

On Friday, the 11th of November, FTX announced that it had been hacked and declared bankruptcy, urging users not to log into the apps or websites. Twenty-four hours after this, the hacker had already amassed $663 million worth of crypto assets.

The announcement was posted by a Telegram FTX admin on Friday, stating, ‘FTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don’t go on the FTX site as it might download Trojans.’ 

Some few hours later, Ryne Miller, the FTX General Counsel, revealed that assets were being transferred from FTX and FTX US accounts to reduce the damage that may result from the breach.

In line with this, Elliptic, a blockchain intelligence company, has speculated that the FTX hacker had stolen $477 million worth of crypto assets. In comparison, FTX was able to store $186 million in a secure hold.

On the other hand, there have been various conjectures regarding the hack. Many have speculated that a top-tier member of FTX may have executed the attack because the attacks happened on both the FTX and FTX US fronts. But there’s no proof to support these claims.