{"id":70357,"date":"2022-11-21T10:52:26","date_gmt":"2022-11-21T08:52:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=70357"},"modified":"2025-09-08T01:38:17","modified_gmt":"2025-09-07T22:38:17","slug":"ftx-hacker-moved-50000-eth-into-ren-protocol-wrapped-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ftx-hacker-moved-50000-eth-into-ren-protocol-wrapped-bitcoin\/","title":{"rendered":"FTX hacker moved 50,000 ETH into Ren Protocol-wrapped Bitcoin"},"content":{"rendered":"<p>The hacker who stole more than 250,735 ETH (~$235.5 million) from the FTX exchange swapped 50,000 ETH for <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-wrapped-token\">wrapped Bitcoin<\/a> from Ren Protocol and connected the assets to <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-cross-chain-bridges\">a cross-chain bridge<\/a> to move to the mainnet.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/PeckShieldAlert?src=hash&#038;ref_src=twsrc%5Etfw\">#PeckShieldAlert<\/a> FTX Accounts Drainer 1 currently holds 200,735.1 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> (~$235.5M) &#038; drops to the 37th largest holder of <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> (from 27th)<br \/>FTX Accounts Drainer 1 has transffered 50k <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> (~$58.5M) to 0x866E, then 0x866E swapped these <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> for ~3,517 <a href=\"https:\/\/twitter.com\/search?q=%24renBTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$renBTC<\/a> and bridged out <a href=\"https:\/\/t.co\/Qokr8bQrvg\">pic.twitter.com\/Qokr8bQrvg<\/a><\/p>\n<p>\u2014 PeckShieldAlert (@PeckShieldAlert) <a href=\"https:\/\/twitter.com\/PeckShieldAlert\/status\/1594312651688984577?ref_src=twsrc%5Etfw\">November 20, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">2\/ Reports that the funds stolen from FTX were actually sent to the Securities Commission of The Bahamas are incorrect. Some funds were stolen, and other funds were sent to the regulators.<\/p>\n<p>\u2014 Chainalysis (@chainalysis) <a href=\"https:\/\/twitter.com\/chainalysis\/status\/1594349585442275329?ref_src=twsrc%5Etfw\">November 20, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abThe statements that the funds stolen from FTX were actually sent to the Securities Commission of The Bahamas are false. Some assets were stolen, some were handed to regulators.\u00bb<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">1) We recently posted an update regarding how Ren will move forward from Alameda: <a href=\"https:\/\/t.co\/VFEYHbjZmz\">https:\/\/t.co\/VFEYHbjZmz<\/a><\/p>\n<p>\u2014 Ren (@renprotocol) <a href=\"https:\/\/twitter.com\/renprotocol\/status\/1594305211115663360?ref_src=twsrc%5Etfw\">November 20, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>After converting part of the ETH, the hacker dropped from 27th place <a href=\"https:\/\/u1f987.com\/en\/news\/ftx-hacker-who-stole-228523-eth-enters-ethereum-whale-list\">in the Ethereum-whales ranking<\/a> to 37th position.<\/p>\n<p>In a series of transactions, the hacker used decentralized platforms Uniswap, Curve and 1inch for swaps. During the swaps, an intermediate asset served as another representation of the first cryptocurrency \u2014 wBTC.<\/p>\n<p>Initially, the FTX hacker was actively <a href=\"https:\/\/u1f987.com\/en\/news\/address-linked-to-alleged-ftx-hack-resumes-activity\">transferring the stolen assets into ETH<\/a>.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The hacker who stole more than 250,735 ETH (~$235.5 million) from the FTX exchange swapped 50,000 ETH for Ren Protocol&#8217;s wrapped Bitcoin and connected the assets to a cross-chain bridge for transfer to the mainnet.<\/p>\n","protected":false},"author":1,"featured_media":70358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1154,1236],"class_list":["post-70357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crimes","tag-ftx"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=70357"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70357\/revisions"}],"predecessor-version":[{"id":70359,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70357\/revisions\/70359"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/70358"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=70357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=70357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=70357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}