FTX hacker sends part of the stolen funds to the OKX crypto exchange

A total of 255 bitcoins worth about $4,1 million were transferred to the platform

30.11.2022 - 08:30

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2 min

What’s new? The hacker who hacked the bankrupt FTX exchange used the crypto mixer ChipMixer to send 255 bitcoins (~$4,1 million) to the OKX crypto exchange. These conclusions were reached by sleuth ZachXBT, who published information with screenshots of the hacker’s deposits on Twitter.

1/ Myself and @bax1337 spent this past weekend looking into the FTX attacker’s deposits to ChipMixer. It appears they’ve likely been transferring a portion of the stolen FTX funds to OKX after withdrawing from CMSo far we’ve accounted for at least $4.1m (255 BTC) sent to OKX pic.twitter.com/C46JZWtktn — ZachXBT (@zachxbt) November 29, 2022

What else is known about the incident? On November 21, CNBC reported that hackers converted significant amounts of the stolen FTX funds of $477 million into bitcoin. The ZachXBT study cites transaction and deposit data from the hacker using the mixer, which leads to conclusions that $4,1 million in bitcoin was moved to the OKX exchange.

Analyst Colin Wu writes that it is highly likely that the attackers were FTX’s employees. That said, in the latest update, Wu reported that OKX had already frozen the suspicious account.

OKX said it had frozen the account. — Wu Blockchain (@WuBlockchain) November 29, 2022

Earlier, the analyst nicknamed FatMan, who investigated the collapse of the Terra ecosystem, said that ChipMixer was a project of the US government. According to him, the service was created to deanonymize transactions and crack bitcoin privacy.

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