According to data from Arkham Intelligence, the FTX hacker, who owns over $300 million in assets, first moved on September 30th, 10 months later. The address still owns 12.5K ETH. A total of $8 million was transferred on September 30 through the Railgun privacy wallet and Thorchain.

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Arkham’s data revealed two transactions in which the hacker transferred 2,500 ETH, each transaction was worth $4 million. The FTX breach occurred on November 11, 2022, shortly after FTX filed for bankruptcy and following the departure of its founder, Sam Bankman-Fried.

During this incident, the unknown attacker managed to leak over $600 million worth of Ether, briefly becoming the 35th largest holder of Ethereum.

Initially, the hacker deposited the stolen coins into CoinMixer, an anonymous Bitcoin mixing service designed to make it difficult to track on-chain Bitcoin transfers.

To further obfuscate the tracking of funds, the asset chose various swaps and bridge transfers.

Following the event, famous on-chain detective ZackXBT speculated that after withdrawing from the mixer, the hacker likely transferred these funds to the crypto exchange OKX.

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According to the announcement made in the morning, Mixin Network’s cloud service provider’s database was attacked, resulting in a million dollars hack against Mixin Network. Therefore, withdrawal and deposit operations were suspended. After this hacking attempt, Mixin token XIN fell by 9%.

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The company contacted Google and blockchain security companies for this hacking attack and asked for help. According to initial determinations, the affected funds are approximately worth 200 million dollars. The company suspended operations to review all transactions in the network and to resolve vulnerabilities.

Mixin Network founder Feng Xiaodong will hold a press conference today. He will make a public statement about the hacking incident at this meeting, and the Mixin team will make a statement as soon as possible about how the funds will be recovered.

Mixin founder Feng Xiaodong, said “After the discussion and agreement between all nodes, these services will be reopened when the vulnerabilities are confirmed and fixed. Transfers will not be affected during this process.”

The Mixin Network team said that currently, half of the assets could be safe. We are continuing our efforts to keep all funds safe, they said.

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