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Tuesday, December 6, 2022
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    HomeAltcoinFTX Drainer Swapping Ethereum To Bitcoin; Will It Impact ETH Price?

    FTX Drainer Swapping Ethereum To Bitcoin; Will It Impact ETH Price?

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    FTX Drainer, Alameda Research Withdrawing Millions In Crypto Assets Ethereum

    The worldwide crypto market is buying and selling beneath elevated promoting stress because of the current FTX collapse and hack. Nonetheless, the FTX hacker has made it extra strenuous for traders to belief the crypto market. The FTX drainer is now swapping Ethereum for Bitcoin amid a worth dump.

    FTX hacker swaps 15k Ethereum

    In line with Arkham, Crypto Intelligence, the FTX account drainer swapped 15K Ethereum to renBTC. It bridged out ETH to native BTC.

    Nonetheless, the monitoring agency has recognized the sample of the drainer. It talked about that the hacker is working between 08:00 and 10:00 UTC. It’s producing a brand new account for every operation. In the meantime, the attacker is proscribed by the liquidity of renBTC. For this reason it can not bridge big funds directly.

    Information depicts that, 15K Ethereum (approx price $16.78 million was swapped for 1023.64 Bitcoin (approx $16.47 million). The transaction resulted in a slippage of $312K.

    The submit FTX Drainer Swapping Ethereum To Bitcoin; Will It Impact ETH Price? appeared first on CoinGape.





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