{"id":513041,"date":"2022-11-20T20:15:00","date_gmt":"2022-11-20T17:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ftx-funds-on-the-move-as-thief-converts-thousands-of-eth-into-bitcoin\/"},"modified":"2022-11-20T20:15:00","modified_gmt":"2022-11-20T17:15:00","slug":"ftx-funds-on-the-move-as-thief-converts-thousands-of-eth-into-bitcoin","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ftx-funds-on-the-move-as-thief-converts-thousands-of-eth-into-bitcoin\/","title":{"rendered":"# FTX funds on the move as thief converts thousands of ETH into Bitcoin"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3aa307a9694\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3aa307a9694\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/ftx-funds-on-the-move-as-thief-converts-thousands-of-eth-into-bitcoin\/#%E2%80%9D_FTX_funds_on_the_move_as_thief_converts_thousands_of_ETH_into_Bitcoin_%E2%80%9C\" >&#8221; FTX funds on the move as thief converts thousands of ETH into Bitcoin &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_FTX_funds_on_the_move_as_thief_converts_thousands_of_ETH_into_Bitcoin_%E2%80%9C\"><\/span>&#8221; FTX funds on the move as thief converts thousands of ETH into Bitcoin &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8zYjYzMTA2NGZhM2IzYjIyYmE4M2VmZDQxZGI0YjBmYS5qcGc=.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-887bb764>According to blockchain analysis company Chainalysis, funds stolen from the FTX crypto exchange are now being converted from ETH into Bitcoin. On Nov. 20, Chainalysis took to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> to encourage exchanges to freeze these coins, should the thief attempt to convert them into fiat or further obfuscate the assets through other means.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1\/ Funds stolen from FTX are on the move and exchanges should be on high alert to freeze them if the hacker attempts to cash out<\/p>\n<p>\u2014 Chainalysis (@chainalysis) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/chainalysis\/status\/1594349583416840199?ref_src=twsrc%5Etfw\">November 20, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Amid the controversial collapse and bankruptcy of FTX, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> broke that an unknown actor had stolen 228,523 ETH from the exchange. The ownership of these coins, worth a whopping $268,057,479 USD at time of publication, currently rank the thief as one of the largest owners of ETH in the world.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Update: FTX Hacker is now actively dumping ETH on-chain<\/p>\n<p>He has dumped about $15 million ETH in the past 30 minutes and just prepped a fresh batch of $12 million<\/p>\n<p>Still has $270m ETH in main wallet<\/p>\n<p>He&#8217;s selling ETH to wBTC to renBTC through aggregators like 1inch <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/mEd8UHFCO0\">https:\/\/t.co\/mEd8UHFCO0<\/a><\/p>\n<p>\u2014 kamikaz \u039eTH  (@kamikaz_ETH) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/kamikaz_ETH\/status\/1594257499129270273?ref_src=twsrc%5Etfw\">November 20, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Though initial reports suggested that all of the funds in question might be in the custody of securities regulators in the Bahamas, Chainalysis poured cold water on this theory however, stating:<\/p>\n<blockquote><p>\u201cReports that the funds stolen from FTX were actually sent to the Securities Commission of The Bahamas are incorrect. Some funds were stolen, and other funds were sent to the regulators.\u201d<\/p><\/blockquote>\n<p>At time of publication, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roximately 31,000 ETH had been converted into wrapped BTC. The thief then sent the coins crosschain to a Bitcoin mainnet wallet using the Ren Protocol, with the final amount received totalling 2444.55 BTC.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">LIVE: FTX Drainer (Aka Bahamas Gov?) Liquidating ETH<\/p>\n<p>Addy #1 &#8211; 0x59<br \/>Addy #2 &#8211; 0x86<\/p>\n<p>Flow So Far<br \/>&#8211; Move <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> from #1 to #2 <br \/>&#8211; Swap <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> for <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24renBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$renBTC<\/a><br \/>&#8211; Send it to NULL Addy<\/p>\n<p>Update<br \/>&#8211; Sold 31k <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> for 2.2k <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24renBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$renBTC<\/a><br \/>&#8211; Sending all <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24renBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$renBTC<\/a> to NULL Address (ETH Genesis Address)<\/p>\n<p>1\/n <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/WfkXGsUDRq\">pic.twitter.com\/WfkXGsUDRq<\/a><\/p>\n<p>\u2014 Garlam (@GarlamWON) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/GarlamWON\/status\/1594298924009132039?ref_src=twsrc%5Etfw\">November 20, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>It\u2019s been a tough few weeks for those affected by the collapse of FTX and its associated companies. Earlier today, a press release indicated that FTX debtors are in talks with finserv firm Perella Weinberg Partners with regard to various reorganization attempts. The engagement is subject to the bankruptcy court\u2019s approval, however.<\/p>\n<p>Meanwhile, the company\u2019s founder Sam Bankman-Fried allegedly remains &#8220;under supervision&#8221; in the Bahamas, though some fear he may attempt to flee to Dubai if given the opportunity. It is unclear how this situation would play out ultimately, given that the UAE and the USA have an agreement on evidence sharing, judicial cooperation and assistance in criminal investigations and prosecutions.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ftx-funds-on-the-move-as-thief-converts-thousands-of-eth-into-bitcoin\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; FTX funds on the move as thief converts thousands of ETH into Bitcoin &#8220; According to blockchain analysis company Chainalysis, funds stolen from the FTX crypto exchange are now being converted from ETH into Bitcoin. On Nov. 20, Chainalysis took to Twitter to encourage exchanges to freeze these coins, should the thief attempt to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":513042,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8zYjYzMTA2NGZhM2IzYjIyYmE4M2VmZDQxZGI0YjBmYS5qcGc=.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74894,74860,74877,74868,74891,135234],"class_list":["post-513041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-blockchain","tag-cryptocurrency-exchange","tag-decentralized-exchange","tag-defi","tag-ethereum","tag-ftx"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/513041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=513041"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/513041\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/513042"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=513041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=513041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=513041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}