According to Etherscan data, between 4:11 and 4:17 p.m. UTC on November 21, the attacker transferred a total of 180,000 Ether across 12 newly created wallets, each of which received 15,000 ETH. At current prices, the total amount moved was $199.3 million.

At the time of writing, no ETH had been transferred from any of the 12 wallets.

Some in the crypto community believe the attacker intends to subdivide it into smaller and smaller amounts to confuse investigators, a process known as "peel chaining," or they intend to use a mixing service at some point to obscure which coins are theirs.

Meanwhile, it appears that some Ethereum users have sent coded messages. One user enlisted the Ethereum Name Service (ENS) domain name "ftx-rekt200k-pls-help.eth" to express their regret over the FTX collapse and to seek compensation from the hacker.

To attract attention, they sent 21 transactions of 0.000001 Ether to the hacker's address.

Another user went above and beyond. They registered the ENS domain "pleasecheckutf8data.eth" and sent 12 0.0001 ETH or fewer transactions to the hacker's wallet address.

Each transaction contained a UTF8 encoded message that read, "Please send me $100,000. I have medical bills to pay and will be visiting the United States in December. I can't walk properly and have severe muscle pain. Please assist! I lost the majority of my money on FTX."

The message also included a link to an Imgur post that the user claimed was evidence of their medical appointment.

The hack happened on November 11, the same day FTX filed for Chapter 11 bankruptcy protection.

On November 20, the hacker transferred 50,000 ETH to a separate wallet and then converted it to Bitcoin using two different renBTC bridges. As of today, the hacker is currently the 40th largest holder of ETH.

How do you think this will affect the price of Ethereum? Let us know your thoughts by sharing this article on social media.

Nov 22, 2022
Crypto News

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