FTX was hacked in November 2022, hours after the global crypto empire declared bankruptcy and its founder Sam Bankman-Fried stepped down from running the company.
was taking “precautionary steps” to secure funds from other FTX wallets.
The attacker who made off with the funds was never identified. Some 21,500 ETH, worth $27 million at the time, were converted into the stablecoin DAI. Another 288,000 ETH remained in some of the addresses affiliated with the attacker. Saturday’s transactions come days before Bankman-Fried goes on trial in the U.S. over fraud and conspiracy to commit fraud charges filed by federal prosecutors last December. Bankman-Fried has pleaded not guilty to all charges, though other former FTX and Alameda Research executives have pleaded guilty; some are expected to testify against their former boss.
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