It is still being debated whether the FTX exploit was an inside job, but the Ethereum wallet holding the pilfered funds is now the 35th largest in the world — currently worth over $288 million.
This makes the account dubbed the “FTX Accounts Drainer” the 35th largest Ethereum holder in terms of the number of ETH held., the top holder is the Beacon Chain deposit contract which contains around 15 million ETH. Furthermore, most of those in the top 20 are crypto exchanges, layer-2 protocols, and Decentralized Finance bridges.
The top 20 ETH wallets hold 27.7% of the entire circulating supply and the top 50 hold a third of all ETH.inside job . Director of security operations at analytics firm Certik, Hugh Brooks, alluded to on-chain evidence suggesting such. He told Cointelegraph on Nov. 15 that unless there was a private key compromise, an insider with access to these wallets moving the funds cannot be ruled out.Ether prices have not been impacted by the potential offloading of its 35th-largest holder flooding the markets.
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