Share this article
FTX Exploiter Transfers $200M in Ether to 12 Crypto Wallets
The exploiter had previously drained hundreds of millions of digital assets from FTX on the same day as the embattled crypto exchange filed for bankruptcy protection.
Updated Nov 21, 2022, 9:25 p.m. Published Nov 21, 2022, 5:36 p.m.
Blockchain data from Etherscan shows that a crypto account associated with the FTX exploiter moved a total of 180,000 ether (ETH) – worth roughly $200 million at current prices – to 12 crypto wallets Monday, with each wallet receiving 15,000 ETH over a period of minutes.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Failed crypto exchange FTX suffered an exploit on Nov. 11 – the same day it filed for bankruptcy protection in the U.S. – enduring about $600 million of unauthorized withdrawals.
Read more: 'FTX Has Been Hacked': Crypto Disaster Worsens as Exchange Sees Mysterious Outflows Exceeding $600M
Blockchain experts argued that the looter was likely an insider who had access to the exchange's cold wallets. The security team of crypto exchange Kraken said that they knew the identity of the exploiter, because they used their personal verified account to pay for transaction fees.
Blockchain intelligence firm Arkham Intelligence said the FTX exploiter is in a panic, and has lost a substantial amount of money in slippage and conversion fees attempting to cash out.
The looter's move on Monday follows Sunday's conversion of funds to renBTC (a version of bitcoin on the Ren bridge). Ren is a blockchain bridge with close ties to Alameda Research, the corporate sibling of FTX. According to a report by blockchain analysis firm Elliptic, the Ren bridge has been previously used for laundering at least half a billion dollars of stolen funds.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Mehr für Sie
Bitcoin Drops Below $90K Amid Fading Risk Appetite Ahead of Key Macro Events
Bitcoin hovered below $90,000 on Sunday as low liquidity, altcoin weakness and imminent U.S. and global data releases kept traders cautious.
Was Sie wissen sollten:
- Bitcoin slipped below $90,000 in low-liquidity Sunday trading.
- Ether showed relative strength while major altcoins lagged.
- Traders are positioning ahead of a busy week of U.S. data and central bank events.
Top Stories
