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Crypto

FTX Hacker Emerges as 35th Largest Holder of Token Ether

  • Wallet linked to hack converted another $49 million to Ether
  • Analysts estimate $477 million was stolen in the FTX attack

The hacker who raided Sam Bankman-Fried’s collapsed crypto exchange FTX is now one of the world’s biggest holders of the token Ether.

A wallet linked with the exploit swapped about $49 million of stablecoins -- mainly Dai -- for Ether on Tuesday, security specialists PeckShield said.