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Scam Alert

FTX Hackers Rushed To Transfer The Exploited Funds

November 12, 2022 - Around 1 mins mins to read
FTX hackers are taking action to move tokens to different networks so that withdrawals can be made.
FTX Hackers Rushed To Transfer The Exploited Funds

Recently discovered transactions by detective firm PeckShieldAlert showed hackers swapping more than $12 million in LINK to under $10 million in ETH. Slippage of more than $2 million shows hackers are in a rush to withdraw funds.

According to ZachXBT, a pseudonymous blockchain investigator, some funds connected to the wallets used by the account drainer to sell tokens on the Avalanche and Solana networks earlier this morning appear to have been blocked by stablecoin issuer Tether.

Tether has blacklisted over $3.9 million USDT on Avalanche, and $27.5 million USDT on Solana linked to the FTX account drainer.

There is currently no further information on this incident, Coincu will continue to update the story.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Scam Alert

FTX Hackers Rushed To Transfer The Exploited Funds

FTX hackers are taking action to move tokens to different networks so that withdrawals can be made.
FTX Hackers Rushed To Transfer The Exploited Funds

Recently discovered transactions by detective firm PeckShieldAlert showed hackers swapping more than $12 million in LINK to under $10 million in ETH. Slippage of more than $2 million shows hackers are in a rush to withdraw funds.

According to ZachXBT, a pseudonymous blockchain investigator, some funds connected to the wallets used by the account drainer to sell tokens on the Avalanche and Solana networks earlier this morning appear to have been blocked by stablecoin issuer Tether.

Tether has blacklisted over $3.9 million USDT on Avalanche, and $27.5 million USDT on Solana linked to the FTX account drainer.

There is currently no further information on this incident, Coincu will continue to update the story.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

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