FTX funds on the move as thief converts thousands of ETH into Bitcoin By Cointelegraph
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FTX funds on the move as thief converts thousands of ETH into BitcoinAccording to blockchain analysis company Chainalysis, funds stolen from the FTX crypto exchange are now being converted from ETH into . On Nov. 20, Chainalysis took to Twitter to encourage exchanges to freeze these coins, should the thief attempt to convert them into fiat or further obfuscate the assets through other means.
Amid the controversial collapse and bankruptcy of FTX, news 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.
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FTX funds on the move as thief converts thousands of ETH into BitcoinAccording to blockchain analysis company Chainalysis, funds stolen from the FTX crypto exchange are now being converted from ETH into . On Nov. 20, Chainalysis took to Twitter to encourage exchanges to freeze these coins, should the thief attempt to convert them into fiat or further obfuscate the assets through other means.
Amid the controversial collapse and bankruptcy of FTX, news 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.
Continue Reading on Coin Telegraph
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