The Attacker Who Hacked Crypto Exchange FTX Exchanged 50,000 ETH for Bitcoin

After stealing more than 250,735 ETH from FTX, an unknown hacker exchanged 50,000 ETH for wrapped Bitcoin from Ren Protocol and connected the assets to a cross-chain bridge for transfer to the main network.

The hacker used decentralized platforms Uniswap, Curve and 1inch for swaps through multiple transactions.

After converting part of the ETH, the hacker dropped from 27th place in the ranking of Ethereum whales to 37th position.

According to Chainalysis, the assets were not in the custody of regulators:

“The claims that the funds stolen from FTX were indeed sent to the Bahamas Securities Commission are incorrect. Some of the assets were stolen, some were handed over to regulators.”