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

Attackers who exfiltrated $600 million from the now-bankrupt exchange FTX exchanged around 30,000 BNB tokens for Ethereum (ETH) and Binance USD (BUSD) on November 17th. data From the Bscscan show.

In the first transaction, the attackers exchanged 10,000 BNB tokens (valued at $2.67 million at the time) for 2001.5 ETH (approximately $2.4 million) on Pancakeswap. In the next transaction, the hacker exchanged his BNB worth $3.94 million for his BUSD worth $3.69 million. The abuser then exchanged his 5,014.26 BNB for his BUSD worth $1.29 million.

While no one has claimed responsibility for the attack, suspicions quickly surfaced about a “backdoor” created by former FTX chief Sam Bankman-Fried to move funds between FTX and Alameda Research. did.

The attacker’s wallet currently holds $11.8 million worth of BNB tokens. The attacker also holds around 290,000 ETH, making the abuser his 34th largest ETH holder.

Hackers have been consistently swapping and moving tokens between 8:00 and 10:00 am UTC earlier this week.