Cryptocurrencies Stolen from FTX May Be Linked to Russia

According to analysis firm Elliptic, the attack on the cryptocurrency exchange FTX may have originated from Russia.

According to Elliptic’s research, the cryptocurrency was stolen from the cryptocurrency exchange FTX. $400 million in assetsmay be linked to Russia-based organizations.

Stolen coins largely denominated in Ethereum (ETH), waited passively for five days and then these 65,000 ETH part It was moved to the Bitcoin network via RenBridge. The attackers then used a mixer to hide their transactions.

According to Elliptic’s research, 4,536 Bitcoins converted from Ethereum 2,849 of them, specifically used through a mixer called ChipMixer. Researchers believe that this is at least $4 million He thinks that part of it was sent to stock exchanges and may have been converted into fiat money there.

ChipMixer was closed after this incident. The attackers then switched to another mixer, Sinbad.

It is still unclear who attacked the bankrupt cryptocurrency exchange FTX. It is suspected that the attackers may be FTX employees or North Korean organizations. However, according to Elliptic researchers, the attack It is more likely that it was made by organizations based in Russia:

“A significant portion of the assets trackable through ChipMixer are combined with funds belonging to criminal organizations linked to Russia before being sent to exchanges.”

Cryptocurrency wallets associated with FTX and FTX.US were emptied on November 11, 2022, a few hours after the company announced its bankruptcy.

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