The FTX attacker is mentioned to have transferred the stolen BTC to the ChipMixer mixer to hide the funds.
As a common motive drawn from quite a few previous attacks, the hacker’s subsequent move must be to begin utilizing a decentralized protocol for the objective of “money laundering”. Specifically in this Bitcoin ChipMixer situation, the FTX attacker is mentioned to have withdrawn 360 BTC across the platform, in accordance to up to date on-chain investigator ZachXBT.
Update: Attacker FTX has begun utilizing ChipMixer to launder money (~360 BTC so far) https://t.co/xuiCaajnh8 https://t.co/qsSJs8d8OV
— ZachXBT (@zachxbt) November 25, 2022
As Coinlive has constantly up to date itself, FTX has been a witness a black hat assault appropriate soon after announced bankruptcy on eleven/eleven, mining up to $500 million in several tokens. The hacker then converted almost everything into ETH, which made it It gets the 34th greatest ETH “whale” in the globe. The subsequent striker convert stolen ETH to renBTC to connect to the Bitcoin network on the afternoon of November 20th.
Of the seven,000 BTC stolen from Binance in May 2019, at least four,836 BTC had been laundered by way of Chipmixer. According to August 2022 information, ChipMixer aided launder 48.9% of funds on-line bitcoinswhen Tornado Cash is nonetheless favored at 74.six%.
Chipmixer offers end users with external anonymity, but this model nonetheless will allow owners total entry to information inside the platform. Chipmixer has been implemented considering the fact that 2017 and has a popularity as a “honey trap” by the US government.
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