Report Claims that the “Hacker” of FTX Is Now Multimillionaire in Ethereum Crypto

What really can we trust of this story coming out on FTX from the Mainstream Media?

Most of America and the world first learned of the crypto laundromat known as FTX a few weeks ago.  This firm went bankrupt as we began uncovering the activities that went on within the company’s platform.

We learned that millions went to Democrats from FTX.  Could it be that it was in the billions?

Democrats’ “Newest Megadonor” Loses Billions As Crypto Exchange Fails — “Dot-Com Bust Level Event”

One piece of information that has yet to be confirmed is that there was a last minute hacker who stole from FTX as it went bankrupt.  According to recent posts in the media, this hacker ended up with a huge bucket of Ethereum tokens.

The notorious crypto hacker that raided FTX as the exchange was collapsing now has the 35th largest pile of ethereum tokens in the world.

The unidentified looter reportedly exchanged $49 million worth of stablecoins for ether on Tuesday, significantly adding to their holdings of the second-largest crypto by market capitalization, according to a report from Bloomberg. The hacker’s haul of ether now amounts to roughly 228,525 tokens worth $288 million.

The move comes as Sam Bankman-Fried’s crypto exchange filed for bankruptcy last Friday, leaving many wallet holders wondering if they would be able to recover funds still trapped on the marketplace.

So far, roughly $663 million in crypto tokens have left FTX, with an estimated $477 million of the total liquidation possibly being stolen. The remainder of the withdrawals have been moved into secure storage housed by FTX, Bloomberg said.

It appears that the hacker is having a difficult time getting rid of ether.  This is a mess.  It may be that FTX had back doors to get these tokens out.  Maybe it was insiders?

Photo of author
Joe Hoft is a Radio Host at, Author, Former International Corporate Executive in Hong Kong for a Decade, and a Contributor at TGP since 2016. Joe is the author of five books, including his new bestseller, "The Steal: Volume II - The Impossible Occurs" which addresses the stolen 2020 Election and provides an inventory of issues that prove that the 2020 Election was uncertifiable and never should have been certified for Joe Biden.

You can email Joe Hoft here, and read more of Joe Hoft's articles here.


Thanks for sharing!