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‘FTX Drainer’ Swaps Another 20,000 Ether for Bitcoin

The individual or entity in question swapped 20,000 ETH ($22.4 million) for 1,023 renBTC ($16.3 million) on Monday. This follows the 50,000 ETH exchanged for 3,517 renBTC on Sunday. Blockchain security outfit PeckShield has been monitoring these transactions and on-chain data shows the hacker has bridged all 4,540 renBTC ($72.6 million) to Bitcoin, as of the time of publishing. PeckShield also tracked a Bitcoin wallet holding some of the bridged funds — this wallet currently holds 2,444 BTC ($39.4 million).

These fund movements have caused the FTX drainer to drop slightly down the list of addresses holding the most ether. On Saturday, the hacker was the 27th-largest ether holder but now has fallen to the 36th position.

(By Osato Avan-Nomayo)

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