$8 million in Ethereum gets transferred on the verge of founder Sam Bankman-Fried's impending trial
around $8 million in Ethereum to Bitcoin , according to PeckShieldAlert. This transfer was accomplished using Thorchain, a decentralized exchange enabling cross-chain swaps that allow the hacker to convert the ETH holdings into BTC.
For the uninitiated, FTX suffered a major security breach on Nov. 11, with unauthorized withdrawals amounting to about $600 million. The attack was believed by some to be an inside job.and founder Sam Bankman-Fried stepped down from his role.
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