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Update: FTX Hacker is now actively dumping ETH on-chain
He has dumped about $15 million ETH in the past 30 minutes and just prepped a fresh batch of $12 million
Still has $270m ETH in main wallet
He's selling ETH to wBTC to renBTC through aggregators like 1inch
See also:
FTX Exploiter Converts Millions in Ether to Alameda-Linked Ren Bitcoin Tokens
#96646
https://www.coindesk.com/tech/2022/11/20/ftx-exploiter-converts-millions-in-ether-to-alameda-linked-ren-bitcoin-tokens [Archive]
and
FTX says 'unauthorized' transfers have been routed to other exchanges
#96638
https://www.theblock.co/post/188651/ftx-wallet-funds-transfer [12ft proxy]
Wrapped Bitcoin, also known as paper Bitcoin
They are swapping it for real Bitcoin.
https://nitter.it/whale_alert/status/1594293658261520385
Which is also interesting since that contract will end up with a bunch of sanctioned eth.
Huh! Finally a use case for renbtc
You mean SBF?? Lol
The link for this post uses a read-only front-end for Twitter, which can be easier to read for viewing a full Twitter thread. The Tweet that kicked off the thread is: