 | The mysterious exploiter of the FTX cryptocurrency exchange has been transferring out large amounts of Ethereum (ETH) from the platform over the past 24 hours. According to SpotOnChain, a blockchain analytics platform, the exploiter has used five different addresses to move a total of 10,250 ETH, worth about $17.1 million at the time of writing. The exploiter has been sending ETH to two destinations: the Thorchain router and the Railgun contract. Thorchain is a decentralized liquidity network that allows cross-chain swaps between different cryptocurrencies. Railgun is a privacy-preserving protocol that enables users to hide their transactions on Ethereum. The exploiter has sent 7,749 ETH ($13 million) to the Thorchain router and swapped 2,500 ETH ($4.19 million) to 153.4 tBTC, a tokenized version of Bitcoin, at an average price of $27,281 per BTC. The remaining ETH has been left in the original addresses or moved to other unknown destinations. The motive and identity of the exploiter are unclear, but SpotOnChain suggests that they may be trying to evade detection and traceability by using Thorchain and Railgun. The exploiter may also be taking advantage of the arbitrage opportunities between different markets and platforms. [link] [comments] |
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