FTX Advisor Prevented Disaster: Saved 500 Million Cryptocurrencies During Hack!

During the hacking attack of the bankrupt cryptocurrency exchange FTX last year, around $500 million in crypto money was withdrawn to an employee’s private wallet.

In a report by Wired on October 9 On November 11, 2022 happened FTX hack The behind the scenes of the incident were included. According to the news, from the stock market unusual exits realizing what’s happening FTX advisor Kumanan RamanathanAs a result of the emergency meeting held $400 to $500 million He owns around cryptocurrencies Ledger Nano transferred it to his wallet.

After this transfer, the team produced a more detailed report, using FTX’s crypto custody provider. BitGo collaborated with on the process. Then, in total, including assets temporarily held in Ramanathan’s Ledger Nano wallet More than $1.1 billion in cryptocurrencies BitGO for protection to their cold wallets transferred.

Within the scope of protection of assets $400 million If cryptocurrency To the Bahamas Securities Commission (SEC). transferred. Former CTO who came to the fore these days by testifying against FTX Gary Wang The transactions initiated after the hacking incident prevented the loss from growing.

The then FTX CEO made a statement shortly after these developments. Sam Bankman-Fried (SBF)claimed that the hacking attack might have been organized by a former FTX employee.

Approximately after these events 11 months Although it has passed, the identity of the person who carried out the attack has still not been revealed. FTX attacker took action for the first time in recent weeks and claimed millions of dollars Ethereum (ETH) It came to the fore by trying to launder it through various platforms.

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