Thousands of ETH convert into BTC as the thief behind FTX attack works to launder their ill gotten multi-millions.
in the Bahamas, Chainalysis poured cold water on this theory however, stating:
“Reports that the funds stolen from FTX were actually sent to the Securities Commission of The Bahamas are incorrect. Some funds were stolen, and other funds were sent to the regulators.” At time of publication, approximately 31,000 ETH had been converted into wrapped BTC. The thief then sent the coins crosschain to a Bitcoin mainnet wallet using the Ren Protocol, with the final amount received totalling 2444.55 BTC.
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