FTX Hack News: FTX Accounts Drainer Becomes 34th Largest Ethereum Holder

FTX Hack News: FTX, a cryptocurrency exchange witnessed a major hack of around $600 million after facing a liquidity crunch over the past week. However, the FTX Accounts Drainer has been tracked moving Ethereum (ETH) and other digital assets.

FTX hack drainer accounts moving ETH

PechshieldAlert reported that FTX accounts drainer 10 bridged 2700 Ethereum thoughts Anyswap from BSC to ETH. The account transferred around 2,697.38 ETH (approx worth $3.3 million) to FTX Accounts Drainer 1.

The drainer is regularly sending digital assets from multiple FTX and FTX US wallets.As per data, FTX Accounts Drainer currently holds 235.392k Ethereum (approx worth $209.8 million). This makes the address become the 34th largest holder of Ethereum.

It added that FTX Accounts Drainer 9 bridged 2000 ETH through Anyswap from BSC to ETH. It swapped 2.7 million USDT for 2,173 Ethereum on Cow Protocol. However, the account later transferred 4,171.22 ETH (approx worth $5.1 million) to Account 1. The FTX Accounts Drainer also holds 8.2k PAXG.

However, Drainer’s address on BSC is holding 74K BNB (approx worth $20 million) and 1.68 million DAI. It earlier swapped 34K BNB for 4.5K Ethereum (approx worth $5.5 million) and 3 million BSC to USD and bridged them to ETH.

SBF leading market collapse

First, FTX triggered a market collapse, and then FTX, the crypto exchange left a big dent in the crypto market. More than $100 billion vanished from the market in a matter of few days. The biggest of the cryptocurrencies Bitcoin price has shed more than 7% in the last 7 days.

Ethereum price fears a massive drop ahead as the Drainer might go for a sell off ahead in order to liquidate assets. ETH prices are down by over 3% in the last 24 hours. It is trading at an average price of $1,219, at the press time. It’s 24 hour trading vol is down by 7% to stand at $11.7 billion.