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    Home»Business»FTX funds on the move as thief converts thousands of ETH into Bitcoin By Cointelegraph
    Business

    FTX funds on the move as thief converts thousands of ETH into Bitcoin By Cointelegraph

    Todd LivingstonBy Todd LivingstonNovember 20, 2022No Comments1 Min Read
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    FTX coins are running like a thief is converting thousands of ETH to Bitcoin
    FTX coins are running like a thief is converting thousands of ETH to Bitcoin

    According to the analysis of the blockchain company Chainalysis, the stolen funds from the FTX crypto exchange are now being converted from ETH to . On Nov. 20, Chainalysis took to Twitter to promote murder that freezes these funds, if a thief tries to change them in fiat or further obfuscate the economy in other ways.

    Amidst the fallout from the controversy and the crash of FTX, news broke that an unknown actor had stolen 228,523 ETH from the exchange. The owner of this fund, amounting to $268,057,479 USD at the time of publication, they are currently listing the thief as one of the biggest owners of ETH in the world.