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Blockchain Analysts: FTX Hacker Funds Are on The Move, Here’s Where They’re Headed

Funds said to be stolen from the now-bankrupt crypto exchange FTX are on the move and likely headed for exchanges as hackers attempt to cash out the proceeds. According to an update from the blockchain intelligence compa...

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Blockchain Analysts: FTX Hacker Funds Are on The Move, Here’s Where They’re Headed
Funds said to be stolen from the now-bankrupt crypto exchange FTX are on the move and likely headed for exchanges as hackers attempt to cash out the proceeds.
According to an update from the blockchain intelligence company Chainalysis, the funds have already been converted from Ethereum (ETH) to Bitcoin (BTC) through RenBridge (REN), a protocol that allows for decentralized cross-chain transfers between a number of different blockchains....
Read More: Blockchain Analysts: FTX Hacker Funds Are on The Move, Here’s Where They’re Headed

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This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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