FTX Hack: 15,000 ETH converted to Bitcoin
The downfall of the FTX empire disrupted the entire market. While the industry was dealing with that, the exchange was hacked just hours after it filed for Chapter 11 bankruptcy. A whopping $447 million was reportedly wiped out of FTX Global as well as FTX .US. Following this, there have been increased movements of the stolen funds. More recently, it was brought to light that the hacker convert ed 15,000 ETH into Bitcoin [BTC]. JUST IN: FTX "hacker" converts an additional 15,000 $ETH worth $16 million into #Bitcoin, on-chain data reveals. — Watcher.Guru (@WatcherGuru) November 21, 2022 The FTX hacker allegedly transferred 15,000 ETH worth $16 million to a new address. Right after this, the hacker went on to convert 684.6 renBTC, an ERC-20 version of BTC. The hacker then proceeded to send funds to the BTC network. Last week, the hacker convert ed a whopping 400 billion Shiba Inu [SHIB] tokens into 2,346 Ethereum [ETH]. Post this, the hacker convert ed the acquir...