FTX Hacker Now 35th Biggest Ethereum Holder in the World: Stolen Funds Reach Massive Scale

The hacker of bankrupt cryptocurrency exchange FTX is now one of the world's largest holders of ethereum, with a stolen haul worth an estimated $288m at current prices. This audacious act has catapulted the individual into the elite ranks of Ethereum's wealthiest, raising serious concerns about security and accountability within the crypto space.

The hacker that looted FTX following the exchange's collapse now has roughly $288 million worth of Ether, and is the 35th largest holder in the world. The mysterious hacker behind it is now the 35th richest ETH holder, a shocking revelation highlighting the sheer scale of the FTX theft.

Several addresses tied to the FTX accounts drainer moved more than 21,555 ETH worth, or over $27 million, fueling speculation and tracing efforts within the crypto community. This significant movement of funds underscores the ongoing attempts to understand the hacker's strategy and potentially recover the stolen assets.

Further exacerbating the situation, the address associated with the FTX hack swapped US$48.2 million worth of DAI stablecoins to 37,570 Ether and became the 35th largest holder of the world’s second-largest cryptocurrency. This complex transaction further masks the hacker's identity and intentions, making it increasingly difficult for authorities to track and apprehend the perpetrator.

The rise of the FTX hacker to the 35th largest Ethereum holder serves as a stark reminder of the vulnerabilities within cryptocurrency exchanges and the potential for devastating security breaches. This event will undoubtedly lead to increased scrutiny and calls for enhanced security measures across the industry.