BTC $71,807
2026 Bull Run Is Building Start trading with 5% OFF all fees
Sign Up Now
BTC $71,807
Bull Run 2026 | 5% Off Fees Open your Binance account today
Sign Up

FTX hacker switches funds to ETH and now has one of the richest addresses

The alleged FTX hacker's movements were detected four days after withdrawing USD 600 million from the exchange.

The alleged hacker who stole USD 600 million from the FTX exchange four days ago moved some funds on Tuesday morning, November 15. According to blockchain data, the entity in question switched a portion of the money to ether (ETH), making it one of the largest Ethereum whales today.

- Advertisement -

According to blockchain explorer Etherscan, the alleged hacker transferred just over 21,555 ether (ETH) to an address and later converted it to the DAI stablecoin on the CowSwap exchange.

Adding to that, according to the PeckShieldAlert scanner, through other transactions he accumulated 48 million DAI which he later exchanged for 37,570 ETH.

Thus, the FTX hacked account drainer now owns 228,524 ETH, equivalent to almost USD 290 million. This is indicated by explorers PeckShieldAlert and Coincarp, estimating that such a figure makes him the 35th richest address in the cryptocurrency.

In 4th and 5th place in the list of addresses with the most ethers are the exchanges Binance and Kraken. They hold almost 2 million ETH (USD 2.5 billion) each, positioning them as the ones with the most holdings in the cryptocurrency on the Ethereum market.

- Advertisement -

This comes four days after FTX’s CEO announced on Friday, November 11, that they had had a USD 600 million hack. Such event affected confidence in the cryptocurrency market, adding to the exchange’s liquidity crisis that left its users unable to withdraw their balances.

Previous Articles:

- Advertisement -
Ad
Altseason Is Loading. Don't watch from the sidelines.
SOL $90.51
DOGE $0.0963
LINK $9.02
SUI $1.00
5% off fees when you sign up
Start Trading
Ad
Pay Less on Every Trade. For Life.
$10K/mo volume Save $60/yr
$50K/mo volume Save $300/yr
$100K/mo volume Save $600/yr
5% off all trading fees when you sign up
Claim Your Discount

Latest News

Canada Proposes Ban on Crypto Donations

Canada's federal government proposed a bill to ban cryptocurrency donations to political parties on...

Shiba Inu vs. Dogecoin: Which Dip to Buy Amid Market Slump?

The cryptocurrency market is experiencing a sharp downturn, pushing Bitcoin to $68,000, far below...

Trump Touts U.S. as Future “Bitcoin Superpower”

President Donald Trump outlined a vision for the U.S. to become the world's "undisputed...

Google to finance $5B data center for Anthropic in Texas

Google is preparing to support a Texas data center project for Anthropic that could...

Circle unfreezes wallets in sealed USDC freeze case.

Circle has unfrozen five of 16 business wallets containing its USDC stablecoin that were...

Must Read

How to Choose a Cryptocurrency Exchange: Major Risks and Expert Advice

During the bitcoin frenzy, in late 2017, Coinbase, one of the key players in the global cryptocurrency market, stopped trading operations. At a point...
Ad
Altseason Is Loading. These 4 coins are trending right now.
SOL $92.12
DOGE $0.0950
LINK $9.02
SUI $1.02
5% off spot fees when you sign up
Start Trading