Thread by @CertiKAlert

#CertiKSkynetAlert 🚨

1/ Let's break down the recent FTX Wallet Drainer activity.

The BSC wallet holds ~$1.6m DAI after converting ~44,232 BNB to ~$4m USDC, ~$3.5m USDT and $3.4m Binance Peg ETH.

The assets were then bridged over to ETH and sent back to FTX Accounts Drainer.

2/ Once the FTX Wallet Drainer amassed ~250k ETH, they began bridging funds to the Bitcoin Blockchain

On 20 Nov, 50k ETH was transferred to 0x866E which swapped ETH for renBTC.

Those assets were then bridged to the following addresses

Bc1qv…gpedg
Bc1qa…n0702

3/ BTC Bc1qv…gpedg began a peel chain.

This is a money laundering technique whereby BTC is sent through a series of transactions in which smaller amounts of BTC are transferred to a new address.

4/ This morning, FTX Accounts Drainer transferred a further 15k ETH to 0x8059

Those funds were then swapped to renBTC & WBTC.

Recipient address of bridged funds: bc1qe…vpp4t

5/ Most recently, FTX Accounts Drainer has transferred 180k ETH to 12 new EOAs.

Now, FTX Accounts Drainer has 5.7k ETH in their account.

6/ To summarize ~$201.3m has been distributed to 12 EOAs (15k ETH each)

~$73.7m was bridged to three BTC Wallets:

Bc1qv…gpedg: ~$17.2m
Bc1qa…n0702: ~$39.3m
Bc1qv…gpedg: ~$16.4m