‘FTX Accounts Drainer’ Now Holds Over 250,000 ETH, Address Is the 27th Largest Ethereum Wallet

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The exploiter responsible for siphoning off millions of dollars in ERC20 tokens and FTX into Ethereum has added more Ether to the entity’s holdings. The wallet is now positioned in the top 30 largest wallet positions in terms of Ethereum holdings. The address called “FTX Accounts Drainer” now holds 250,735 ETH as of Saturday, November 19, 2022.

‘FTX Account Drainer’ Consolidates Ethereum Stash By Adding 22,212 Ether To Mysterious Wallet

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There has been a lot of curiosity about the so-called “FTX account drainer” or “” Ethereum address.0x59aBecause it is linked to an entity that siphoned off millions of dollars in tokens from FTX Hours after the company filed for bankruptcy protection.

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blockchain surveillance firm Elliptic wrote As of November 12, 2022, the company estimated that the entity defrauded roughly $477 million. Bitcoin.com News reported on November 15, 2022, that the address known as the “FTX Accounts Drainer” after Elliptic’s blog post also consolidated a large cache of Ether.

'FTX Account Drainer' Now Holds Over 250,000 ETH, Address Is 27th Largest Ethereum Wallet

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At the time, the wallet was the 35th largest Ethereum wallet, and the address held 228,523.83 Ether. However, Ethereum storage has since grown to over 22,212, and the wallet is ranked 27th in terms of the largest Ethereum wallet today.

Funds are valued at $303 million at the time of writing and the wallet has seen 688 transactions, some of which are dust transactions sent by unknown parties. In addition to the 250,735 ETH held by “FTX Account Drainer” or “0x59a”, the exploiter is linked to another known address.

Ethereum (ETH) Know “0x97fFTX also holds a substantial amount of ERC20 tokens linked to the exchange. The wallet contains over a hundred ERC20 tokens and Blockchair.com estimates the wallet to be worth approximately $191.69 million.

Etherscan.io estimates that the token is worth approximately $244 million. The most prominent token in the wallet is FTX’s coin FTT as “0x97f” holds approximately 45.85 million FTT tokens. The address is actually the second largest FTT wallet today and holds 13.94% of the circulating FTT supply.


‘0x97f’ is a BOBA, LEO and SRM whale

The wallet also holds 143.88 million BOBA coins from the Boba Network project and is also the second largest in terms of circulating BOBA supply as it controls 28.78% of the supply. Apart from Bitfinex, the address “0x97f” is one of the largest LEO holders today as the wallet is the third largest unus sed leo (LEO) holder.

The address also holds 52.93 million srm (SRM) and is the second largest SRM holder with 20.28% of the entire supply. The wallet is ranked 40th in terms of Decentraland (MANA) wallet with 0.35% supply. The wallet is the 32nd largest Graph (GRT) holder as well as holds 0.44% of the GRT supply.

What do you think about the “FTX Account Drainer” wallet and how it managed to get over 250,000 ETH? Tell us what you think about this theme in the comments section below.

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Credit : news.bitcoin.com

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