Anonymous hackers have been moving stolen assets from the now-defunct exchange FTX, coinciding with the ongoing trial of FTX founder Sam Bankman-Fried. Blockchain analytics firm Elliptic reported that 72,500 Ether (ETH) worth $1,544 has been awakened for the first time since the exchange was hacked in November 2022. The thief has converted $120 million worth of ETH into Bitcoin (BTC) through the decentralized exchange THORSwap since September 30, 2023. The laundering technique used by the hacker is similar to the one employed when the funds were initially stolen. The identity of the hacker remains unknown, with Elliptic suggesting three potential possibilities including an inside job, North Korea’s Lazarus Group, or Russia-linked criminal groups.

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Information	Details
Geography	Global
Countries
Sentiment	negative
Relevance Score	1
People	Sam Bankman-Fried
Companies	Elliptic, Lazarus Group, FTX, RenBridge, THORSwap
Currencies	Ethereum, Bitcoin
Securities	None