The mysterious hacker of bankrupt crypto exchange FTX appeared to be acting in a panic as they “hastily tried to do whatever they could with the funds, seemingly without much of a plan,” Arkham CEO Miguel Morel said. sndr_krisztian reports
After tracing the attacker’s blockchain transactions, Arkham found that they “appeared to be in panic” and “lost a large amount of their token holdings” when they moved assets across different chains to avoid getting caught. In a likely attempt to consolidate their holdings, they also converted tokens to ETH and DAI on the Ethereum network, movements that cannot be easily sanctioned by authorities.
“It is becoming clearer by the day that the FTX exploiter is not very sophisticated,” Miguel Morel, chief executive of Arkham Intelligence, told CoinDesk. “They've hastily tried to do whatever they can with the funds, seemingly without much of a plan.”their verified personal account on crypto exchange Kraken to send enough TRX tokens to cover transaction fees, according to Dyma Budorin, CEO of blockchain security audit firm Hacken.
The unsophisticated maneuvers imply that there may be some hope to reclaim the funds the hacker took. “I think it's only a matter of time before they're discovered due to their use of various off-ramps, and at that point it will just be about recovering the funds,” Morel said.
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