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    FTX assaulter proceeds switching symbols; exchanges $7.95 M BNB for BUSD, ETH

    Justin DoomBy Justin Doom18.11.2022Updated:18.11.2022No Comments1 Min Read
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    The FTX exploiter presently holds $11.8 million BNB and also ETH worth around $346.8 million at existing rates.

    FTX attacker continues swapping tokens; exchanges $7.95M BNB for BUSD, ETH

    The opponents that drained pipes $600 million from the now-bankrupt exchange FTX, switched virtually 30,000 BNB symbols for Ethereum (ETH) and also Binance USD (BUSD) on Nov. 17. in 3 purchases, information from Bscscan programs.

    In the very first deal, the assaulter traded 10,000 BNB symbols, worth $2.67 million at the time, for 2001.5 ETH, valued at around $2.4 million, on Pancakeswap. In the following deal, the cyberpunk switched BNB worth $3.94 million for BUSD valued at $3.69 million. The exploiter after that traded 5,014.26 BNB for $1.29 million well worth of BUSD.

    While nobody has actually asserted obligation for the assault, accusations quickly emerged concerning a “backdoor” produced by previous FTX principal Sam Bankman-Fried to relocate funds in between FTX and also Alameda Research Study.

    The assaulter’s pocketbook presently holds $11.8 million well worth of BNB symbols. The assaulter additionally holds around 290,000 ETH, making the exploiter the 34th biggest ETH owner.

    The cyberpunk has actually been continually switching and also relocating symbols considering that previously today, in between 8:00 and also 10:00 am UTC.

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    Justin Doom
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    Justin is US News Editor at Cryptomag and manages the site on weekends. He's a former editor at ABC News, former reporter at Bloomberg, and former contributor to The Atlantic, Sports Illustrated, and the Arizona Republic. He taught journalism at Arizona State University and was a Knight-Bagehot Fellow at the Columbia University Graduate School of Journalism.

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