Elliptic explained that out of “more than $663 million” worth of tokens moved, “$477 million is suspected to have been stolen.” FTX
Elliptic Analysis Says $477 Million Stolen From FTX, 'Accounts Drainer' Becomes 35th Largest ETH Holder
Three days ago, on Nov. 11, 2022, it was reported that FTX’s wallets saw unusual activities and FTX Telegram channel admins stressed that FTX was “hacked.” The same day, the new FTX CEO John Ray confirmed there were “unauthorized transactions.” A report by the blockchain intelligence firm Elliptic explains that out of “more than $663 million” worth of tokens moved, it is estimated that “$477 million is suspected to have been stolen.
“unauthorized transactions.” After the hacker siphoned $477 million, “the remainder is believed to have been moved into secure storage by FTX itself,” Elliptic’s blog post details.
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