BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home BREAKING NEWS

FTX Hacker Moved $10 Million in Bitcoin, a Fraction of the $500 Million FTX Breach Last November

by BlockNews.com Team
November 2, 2023
in BREAKING NEWS, CRYPTO, FINANCE
Reading Time: 2 mins read
A A
#image_title

#image_title

1
SHARES
19
VIEWS
Share on XShare in TelegramShare on Reddit
  • The collapsed cryptocurrency exchange FTX was hacked for nearly $500 million in crypto last November, and the hacker is slowly offloading the funds.
  • PeckShield recently spotted a transaction of around 2,888 Bitcoin worth $10 million that came from the FTX hack.
  • The hacker has been actively sending large amounts of the stolen Ethereum to major exchanges recently in an attempt to sell it off.

The collapsed cryptocurrency exchange FTX was exploited for nearly $500 million in crypto last November. The hacker has been slowly offloading the stolen funds, and blockchain sleuths have now spotted another large transaction.

The Recent Bitcoin Transaction

PeckShield published a report about spotting a transaction of around 2,888 Bitcoin worth almost $10 million. This Bitcoin came from the funds stolen from FTX after its collapse.

Details of the FTX Hack

When FTX went down last November, a hacker stole around $500 million in cryptocurrencies. The hacker quickly exchanged nearly all of the stolen crypto into 180,000 Ethereum. Recently, the hacker has been shifting large amounts of this Ethereum to major US exchanges.

Attempts to Swap the Stolen ETH

In early October, the hacker moved 75,636 ETH to ThorSwap to exchange for tBTC. However, ThorSwap suspended operations to prevent the swap. The hacker then turned to Threshold Network but was again blocked from exchanging the stolen ETH.

🚨 ICYMI: Blockchain sleuth @PeckShieldAlert traced a $10 million Bitcoin move from an FTX hacker.

Continuing the saga from a year ago when $500 million was 'stolen.'

The thief exchanged the majority of stolen assets for $ETH, becoming its largest holder momentarily.… pic.twitter.com/kw7SJdJM6w

— BlockNews.com (@blocknewsdotcom) November 2, 2023

Ethereum Transactions to Exchanges

According to Whale Alert, the hacker has been actively sending ETH to exchanges recently. There have been several large transactions of around 50,000 ETH sent to Coinbase, Kraken, and others. The hacker appears to be selling off the stolen ETH.

The FTX hacker continues finding ways to liquidate the stolen crypto. The recent Bitcoin transaction spotted by PeckShield shows the hacker is still offloading funds bit by bit. Blockchain analysis firms are keeping a close watch as the story continues to unfold.

Tags: BlockchainBusinesscryptoCrypto ExchangeethereumWeb3
TweetShareShare
Previous Post

Former BitMEX CEO Arthur Hayes Buys Solana after a 500% Rally, Coinciding with VanEck’s 10,600% Forecast for SOL by 2030

Next Post

Satoshi-era Bitcoin Whales from 2011 Transfer 6,500 BTC Worth $230 Million After Six Years of Dormancy

DON'T MISS THESE! HOT OFF THE PRESS

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling
CRYPTO

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?
CRYPTO

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak
CRYPTO

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party
CRYPTO

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
Load More

Related News

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.