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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
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
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]
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