FTX Hacker Is On The Run, Splits 180,000 ETH Among 12 New Wallets To Confuse Investigators – Ethereum (ETH/USD)

The hacker behind the FTX exploit has once again been seen trying to transfer funds to multiple wallets, hoping to destroy them.

What happened: hacker went over 180,000 Ethereum ETH/USD Distributing 15,000 ETH evenly to each wallet, across 12 new wallets, data from etherscan Showed up on Monday.

The amount transferred was estimated at $199.3 million at current prices.

See more: Best cryptocurrency to hedge against inflation

Last week, blockchain intelligence firm arkham intelligence Hackers Discover $215M Worth of Ethereum, $48M Worth of Maker’s Stablecoin Midwife DAI/USDworth $44 million Binance’s native token bnb/usdworth $4 million lanyard USDT/USD and a value of $3.8 million polygon matic/usd,

According to Cointelegraph, the attacker split the funds into smaller accounts to confuse investigators. This process is known as “peel chaining”.

Furthermore, the hacker can at some point access the crypto mixer and make it almost impossible to track down the lost funds.

price action: According to Benzinga Pro, ETH is trading at $1100 over the past 24 hours, down 1.81% over the past 24 hours.

Read further: Bitcoin, Ethereum, Dogecoin Fall: Analyst Says ‘There’s More Blood to Come’ as Genesis Crisis Adds to Crypto Carnage

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