“FTX Accounts Drainer” currently holds 250,000 ETH, making the address the 27th largest Ethereum wallet.
An exploit that siphoned millions of dollars in ERC20 tokens and Ethereum from FTX added more Ether to the entity’s holdings. The wallet currently sits in the top 30 largest wallet positions in terms of Ethereum holdings. An address called “FTX Accounts Drainer” holds 250,735 Ethereum on Saturday, November 19, 2022.
‘FTX Accounts Drainer’ Integrates Ethereum Stash, Adds 22,212 Ether To Mysterious Wallet
The Ethereum address, dubbed the “FTX Accounts Drainer” or “0x59a,” is associated with an entity that drained millions of dollars of tokens from FTX just hours after the company filed for bankruptcy protection, which has caused many curiosity. Intriguing.
Blockchain watchdog Elliptic wrote about the situation on Nov. 12, 2022, estimating that the entity has siphoned around $477 million. Bitcoin.com News explained that on November 15, 2022, an address known as the “FTX Accounts Drainer” consolidated a large cache of Ether following Elliptic’s blog post.
At the time, this wallet was the 35th largest Ethereum wallet with 228,523.83 Ether in addresses. However, the Ethereum stash has since grown to over 22,212 Ethereum, putting the wallet in his 27th position in terms of the largest Ethereum wallets today.
The fund is valued at $303 million at the time of writing and the wallet has confirmed 688 transactions, some of which are dust transactions sent by unknown parties. In addition to his 250,735 Ethereum held by the “FTX Accounts Drainer” or “0x59a”, the exploit is associated with another known address.
Ethereum (ETH) address 0x97f also holds a sizeable amount of ERC20 tokens associated with the FTX exchange. With over 100 of his ERC20 tokens in the wallet, blockchair.com estimates the wallet’s value at around $191.69 million.
Etherscan.io estimates the value of the token at approximately $244 million. The most dominant token in the wallet is FTX’s coin FTT, and ‘0x97f’ owns about 45.85 million of his FTT tokens. This address is actually the second largest FTT wallet currently, holding 13.94% of the FTT supply in circulation.
‘0x97f’ is BOBA, LEO, and SRM Whale
The wallet also holds 143.88 million BOBA coins from the Boba Network project, controlling 28.78% of the supply, making it the second largest BOBA in circulation. In addition to Bitfinex, address ‘0x97f’ is one of the largest his LEO holders today as the wallet is his 3rd largest unus sed leo (LEO) holder.
The address also holds 52.93 million sera (SRM), making it the second largest SRM holder with 20.28% of total supply. This wallet holds the 40th position for decentralized (MANA) wallets with 0.35% of supply. The wallet is also the 32nd largest Graff (GRT) holder, holding 0.44% of the GRT supply.
What do you think about the “FTX Accounts Drainer” wallet and how you won over 250,000 Ethereum? Let us know what you think about this in the comments section below.
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“FTX Accounts Drainer” currently holds 250,000 ETH, making the address the 27th largest Ethereum wallet.
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