FTX hacker moves $120M amid Sam Bankman-Fried trial: Report

At the time of the hack, the converted amount was worth $87 million, or 18% of the overall stolen funds of $477 million.The FTX hacker used a similar laundering technique to the one deployed in November 2022, when the hacker transferred 65,000 ETH ($ 100 million) to BTC using the cross-chain bridge RenBridge. Source: EllipticElliptic pointed out that the FTX hacker lost $94 million in the days following the hack as the assaulter rushed to launder the funds through decentralized exchanges, cross-chain bridges and mixers.Related: FTX hacker could be utilizing SBF trial as a smokescreen: CertiKAlmost a year after the hack, the identity of the FTX burglar is still unidentified, Elliptic noted. The blockchain analytics firm suggested three possibilities for who might be behind the FTX theft: an FTX inside job, North Koreas Lazarus Group and Russia-linked criminal groups.

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