A notorious FTX account drainer has caused significant disruption in the crypto community by transferring a total of 60,000 ETH from 4 wallet addresses since late September. Reports indicate that the wallets that held close to 200K ETH now have a balance of merely 125K ETH. CertiK Alert, a blockchain sleuth, highlighted that an FTX drainer wallet transferred 7,500 ETH (equivalent to $12.3 million) to EOA 0x395d9. PeckShieldAlert has followed the transactions since Sept. 30 and reported several movements around the FTX drainer, including the transfer of 5,625 ETH “and bridged them out through BTC via Thorchain.” The drainer also exchanged 15,000 ETH, approximately $24.75 million, for Bitcoin through THORChain, a decentralized liquidity protocol. Lookonchain has also been following the latest spree of funds movement associated with FTX accounts drainer. On Sept. 30, the drainer started with a series of transactions, moving 5K ETH worth around $8.37 million in just 3 hours. At the time of Lookonchain’s tweet, the drainer had 180.7K ETH held in about 13 addresses as of Sept. 30. Later, on Oct. 1, Lookonchain reported more activities, moving another 7,500 ETH. The drainer wallets had moved 22.5K ETH worth $38 million within a 2-day duration as of Oct 1. One of the wallets, 0x59ABf, is marked as an FTX account drainer, having been reported originally by ZackXBT, another trusted blockchain sleuth, late in 2022. Etherscan data indicates this address began activity about 327 days ago, with the initial movement of 9,500 ETH. This was during the largest FTX heist, where attackers stole hundreds of millions of ETH starting November 11, 2022. The current FTX CEO, John J. Ray III, the Restructuring Officer of FTX, later mentioned that both the global and U.S. FTX networks suffered large hacks, losing $323 million and $90 million, respectively. The notorious FTX account drainer has caused significant disruption in the crypto community by transferring a total of 60,000 ETH from 4 wallet addresses since late September. Reports indicate that the wallets that held close to 200K ETH now have a balance of merely 125K ETH. CertiK Alert, PeckShieldAlert, and Lookonchain have been following the transactions since Sept. 30 and reported several movements around the FTX drainer, including the transfer of 5,625 ETH “and bridged them out through BTC via Thorchain” and the exchange of 15,000 ETH, approximately $24.75 million, for Bitcoin through THORChain. One of the wallets, 0x59ABf, is marked as an FTX account drainer, having been reported originally by ZackXBT late in 2022. This was during the largest FTX heist, where attackers stole hundreds of millions of ETH starting November 11, 2022. The current FTX CEO, John J. Ray III, the Restructuring Officer of FTX, later mentioned that both the global and U.S. FTX networks suffered large hacks, losing $323 million and $90 million, respectively.

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Information	Details
Geography	North America
Countries
Sentiment	neutral
Relevance Score	10
People	SBF, ZackXBT, John J. Ray III
Companies	Lookonchain, PeckShieldAlert, Thorchain, Certik Alert, FTX
Currencies	THORChain, Ethereum, Bitcoin, US Dollar
Securities	None