Assessing the current state of FTX, tracking the stolen funds and two years of SBF on…

  • On November 29, an FTX hacker attempted to sell some of the stolen funds on the OKX exchange
  • The SBF claimed the hack was done by someone who understood the exchange in its most recent interview

the past few weeks FTX It appears that he was attacked from many angles. The filing for collapse and bankruptcy came first. Next, an alleged hacker Looting Some money from the stock market. However, subsequent revelations indicate that the attacker may have transferred some of the stolen funds to the OKX exchange.

Track the stolen money

according to cryptocurrency researcher ZachXBT FTX hacker Transfer part of the change to OKX Exchange. After running the asset through the Bitcoin mixer ChipMixer, the asset was then transferred. If the researcher’s calculations are correct, at least 225 BTC had been moved.

ZachXBT claimed On November 20, an FTX hacker began depositing BTC into ChipMixer via the Ren Bridge protocol, which acts as a bridge for cryptocurrency. ZachXBT revealed in its report that it detected a trend in addresses successfully receiving payments from ChipMixer. He claimed that a common thread ran through all the titles.

Linux Lai, CEO of OKX, answered To report by saying that further investigation was conducted to determine the wallet flow. The accounts were eventually frozen by OKX, according to a development reported by Wu Blockchain. Investigations led to the account being frozen, allowing some of the funds to be recovered.

An internal job in progress?

Sam Bankman Fried [SBF]The founder of the company agreed to one an interview Posted November 29th. In one of his statements, he stated that he believed that either a former FTX employee or someone who installed malware on a former employee’s computer was responsible for the FTX hack.

And his suspicions coincided with mine observers had previously expressed. FTX US and Global were hacked, leading some to believe the hack was an inside job. FTX US conducted its business independently from FTX Global although it is managed by the same management.

Full and partial refund…

The SBF said in the interview that refunds will be issued soon. However, he said not all customers will be eligible for a full refund. Users in the US were to receive a full refund, while users in other regions were expected to receive a proportional refund.

However, it remains to be seen how this will eventually develop. The decline of FTX caused shock waves in the cryptocurrency market, and these waves are still building.

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