{"id":580537,"date":"2023-01-16T13:43:51","date_gmt":"2023-01-16T13:43:51","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=580537"},"modified":"2023-01-16T13:44:01","modified_gmt":"2023-01-16T13:44:01","slug":"ftx-hacker-tips-launder-400-million-loot","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/ftx-hacker-tips-launder-400-million-loot\/","title":{"rendered":"FTX Hacker Receives Tips On How To Launder $400 Million Loot"},"content":{"rendered":"\n<p>Summary: <\/p>\n\n\n\n<ul><li>Coinbase Director Conor Grogan spotted Ether transfers to the &#8220;FTX Accounts Drainer&#8221; with private notes on how to move the assets undetected.<\/li><li>The hacker was advised to leverage less popular and more privacy-based crypto mixer protocols.<\/li><li>The U.S. Justice Department launched an investigation into the matter after nearly $400 million was stolen from Sam Bankman-Fried&#8217;s bankrupt crypto exchange.\u00a0<\/li><\/ul>\n\n\n\n<p>In a bizarre turn of events, the FTX hacker who drained roughly $400 million in digital assets from Sam Bankman-Fried\u2019s crypto exchange received tips on how to launder the stolen funds using mixing protocols.\u00a0<\/p>\n\n\n\n<p>Coinbase Director Conor Grogan noticed Ether (ETH) transfers to the wallet labeled \u201cFTX Account Drainer\u201d on the block explorer Etherscan. The transaction carried a message directing the hacker on how to launder their massive lot.\u00a0<\/p>\n\n\n\n<p>In the text, the sender suggested using more privacy-focused crypto mixing services rather than popular protocols like ChipMixer. Crypto mixers allow users to obfuscate their transactions when moving assets around and are a common tool used by crypto criminals attempting to launder their illicit wealth.\u00a0<\/p>\n\n\n\n<p>The sender also offered to share more information with the hacker on suitable crypto mixers, providing their telegram username should the hacker wish to contact them. Director Grogan likened the attempt to a sales cold call.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">People are sending the FTX exploiter trace amounts of ETH along with a message on how to better launder the funds. Presumably they intend to get in touch with the exploiter and negotiate a consulting fee. They also registered a special ENS <br><br>Web3 equivalent to the cold call <a href=\"https:\/\/t.co\/A9xfjeRdJC\" rel=\"nofollow\">pic.twitter.com\/A9xfjeRdJC<\/a><\/p>&mdash; Conor (@jconorgrogan) <a href=\"https:\/\/twitter.com\/jconorgrogan\/status\/1614970572471177216?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">January 16, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Notably, the sender also registered a peculiar Ethereum Name Service (ENS) address with more instructions for the hacker to consider &#8211; *swap-gray-crypto-for-white-stablecoins-check-input-data-utf8.eth\u201d<\/p>\n\n\n\n<h2>FTX Hack Investigated By Justice Department<\/h2>\n\n\n\n<p>The U.S. Department of Justice <a href=\"https:\/\/en.ethereumworldnews.com\/u-s-doj-launches-probe-into-372-million-ftx-hack-following-bankruptcy-filing\/\">launched<\/a> investigations into a $400 million hack on FTX, as previously reported in later December 2022. Led by the DoJ\u2019s National Cryptocurrency Enforcement Team, authorities said the criminal investigation would probe the identity of the hacker or hackers who drained Bitcoin (BTC), Ether (ETH), and other digital assets from SBF\u2019s crypto exchange shortly after the company declared bankruptcy on November 12.<\/p>\n\n\n\n<p>Disgraced Founder Sam Bankman-Fried denied ties to the hack on several occasions, claiming he did not \u201cstash away millions and billions in crypto\u201d in his latest \u201cPre-mortem\u201d analysis on <a href=\"https:\/\/en.ethereumworldnews.com\/sam-bankman-fried-ftx-premortem\/\">Substack<\/a>.&nbsp;<\/p>\n\n\n\n<p>Apart from eight criminal charges slammed against Bankman-Fried by U.S. authorities, federal prosecutors are also investigating SBF\u2019s \u2018inner circle\u2019 including ex-CTO Gary Wang and former Alameda Research CEO Caroline Ellison. Both Ellison and Wang already <a href=\"https:\/\/www.forbes.com\/sites\/jonathanponciano\/2022\/12\/23\/caroline-ellison-admits-she-and-bankman-fried-conspired-to-steal-from-ftx-customers-and-mislead-investors-reports-say\/\" rel=\"noopener\">flipped<\/a> on Bankman-Fried, pleading guilty to fraud in exchange for plea deals.&nbsp;<\/p>\n\n\n\n<p>Prosecutors also met with FTX\u2019s former chief engineer Nishad Singh to <a href=\"https:\/\/en.ethereumworldnews.com\/ftx-nishad-singh-deal-sdny-prosecutors\/\">weigh<\/a> his information regarding the crypto exchange\u2019s multi-billion crash in 2022.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summary: Coinbase Director Conor Grogan spotted Ether transfers to the &#8220;FTX Accounts Drainer&#8221; with private notes on how to move the assets undetected. The hacker was advised to leverage less popular and more privacy-based crypto mixer protocols. The U.S. Justice Department launched an investigation into the matter after nearly $400 million was stolen from Sam Bankman-Fried&#8217;s bankrupt crypto exchange.\u00a0 In a bizarre turn of events, the FTX hacker who drained roughly $400 million in digital assets from Sam Bankman-Fried\u2019s crypto [&hellip;]<\/p>\n","protected":false},"author":55,"featured_media":580540,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[825,800,947,823,2],"tags":[108421,1322,7704,108784,108361],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/580537"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=580537"}],"version-history":[{"count":2,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/580537\/revisions"}],"predecessor-version":[{"id":580541,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/580537\/revisions\/580541"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/580540"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=580537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=580537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=580537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}