• Home
  • NFT
  • Metaverse
  • Cryptocurrency
No Result
View All Result
  • Home
  • NFT
  • Metaverse
  • Cryptocurrency
No Result
View All Result
No Result
View All Result
Home Cryptocurrency

CertiK Suspects FTX Hackers Using Bankman-Fried’s Trial as a Distraction

admin by admin
October 10, 2023
in Cryptocurrency
0 0
0
CertiK Suspects FTX Hackers Using Bankman-Fried’s Trial as a Distraction
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter


Surge in Movement of Stolen FTX Funds

CertiK’s Director of Security Operations, Hugh Brooks, has suggested that the unidentified hacker(s) involved in the FTX theft might be exploiting the media attention surrounding Sam Bankman-Fried’s trial as a smokescreen. The entity dubbed “FTX Drainer” recently accelerated the transfer of stolen assets, moving around 15,000 ETH (valued at approximately $24 million) to new wallets in the last three days alone.

Diversions Amid the High-Profile Trial

As the trial garners significant public and media attention, the person responsible for stealing the funds may be trying to hide the assets stealthily, feeling a sense of urgency to obfuscate the stolen funds’ movement. Brooks noted that the FTX Drainer might believe the trial’s coverage would overshadow the tracing efforts related to the stolen assets, providing an opportunity to operate unnoticed.

Evolving Tactics to Conceal Illicit Assets

Source: CertiK

Brooks observed a shift in the hacker’s strategy to launder and conceal the funds. While initially employing the “peel chain” technique, where funds are sent to new wallets in decreasing amounts, the hacker has transitioned to a more complex method, making the tracing process significantly challenging. Despite the ongoing investigative efforts, the individuals or groups behind the November FTX hack remain unidentified.



Source link

Previous Post

CrypToadz Puzzling $1.6M NFT Transaction

Next Post

Immutable to Ramp Up Web3 Gaming with Amazon Partnership

admin

admin

Next Post
Immutable to Ramp Up Web3 Gaming with Amazon Partnership

Immutable to Ramp Up Web3 Gaming with Amazon Partnership

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
CoinShare CSO: BTC will hit an all-time high in 24 months

CoinShare CSO: BTC will hit an all-time high in 24 months

July 13, 2022
This Indian Couple Decided to Hold a Hogwarts-themed Metaverse Wedding Reception

This Indian Couple Decided to Hold a Hogwarts-themed Metaverse Wedding Reception

June 25, 2022
All About The Game, NFT Price, and New Mints

All About The Game, NFT Price, and New Mints

July 2, 2023
Valkyrie Firmly Steps into Ether Futures Territory

Valkyrie Firmly Steps into Ether Futures Territory

August 17, 2023
Reshaping & Innovating the Music Industry Through NFTs

Reshaping & Innovating the Music Industry Through NFTs

0
Fixing Broken Gamenomics: How to End Infinite Selling Pressure in P2E Gaming Economies

Fixing Broken Gamenomics: How to End Infinite Selling Pressure in P2E Gaming Economies

0
CryptoArt Sundays: Interview with Bushra Khan

CryptoArt Sundays: Interview with Bushra Khan

0
Big Time Readies Early Access for Gold VIP Pass Holders

Big Time Readies Early Access for Gold VIP Pass Holders

0
YZi Labs Launches $1 Billion Builder Fund for BNB Ecosystem

YZi Labs Launches $1 Billion Builder Fund for BNB Ecosystem

October 9, 2025
Standard Chartered: Bitcoin Will Hit $200,000 by the End of 2025

Standard Chartered: Bitcoin Will Hit $200,000 by the End of 2025

October 7, 2025
Aster Delisted From DeFiLlama’s Perpetual DEX Ranking

Aster Delisted From DeFiLlama’s Perpetual DEX Ranking

October 6, 2025
7 Leading BTC & DOGE Cloud Mining Platforms in 2025

7 Leading BTC & DOGE Cloud Mining Platforms in 2025

October 4, 2025

Recommended

YZi Labs Launches $1 Billion Builder Fund for BNB Ecosystem

YZi Labs Launches $1 Billion Builder Fund for BNB Ecosystem

October 9, 2025
Standard Chartered: Bitcoin Will Hit $200,000 by the End of 2025

Standard Chartered: Bitcoin Will Hit $200,000 by the End of 2025

October 7, 2025
Aster Delisted From DeFiLlama’s Perpetual DEX Ranking

Aster Delisted From DeFiLlama’s Perpetual DEX Ranking

October 6, 2025
7 Leading BTC & DOGE Cloud Mining Platforms in 2025

7 Leading BTC & DOGE Cloud Mining Platforms in 2025

October 4, 2025

About Us

We bring you the latest NFT News and update from all around the Internet!

Categories

  • Cryptocurrency
  • Metaverse
  • NFT
No Result
View All Result
  • Home
  • NFT
  • Metaverse
  • Cryptocurrency

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist