The effects of FTX’s failure were far more severe than anticipated. The market was also impacted by the subsequent hack. The stolen cash were being relocated, albeit it’s still unclear what exactly happened during the hack. Huge sums of money from the $447 million in stolen money have been moving about over the last few days. In order to continue following this trend, the hacker moved some more money.

According to recent data from Etherscan, a staggering 180,000 ETH was moved between 4:11 and 4:17 PM UTC. This was divided among 12 newly created wallets by the hacker. A total of 15,000 ETH was transferred to each of these wallets.

This action undoubtedly seems to have disoriented the ecosystem as a whole. Many people hypothesized that the FTX hacker was attempting to perplex the investigators who were supervising the hack. Some others speculated that the hacker may soon use a mixing service.

The hacker just transferred 15,000 ETH worth $16 million to a brand-new address yesterday. Later, this was changed into the ERC-20 kind of Bitcoin known as 684.6 renBTC. The hacker traded 2,346 Ethereum [ETH] for 400 billion Shiba Inu [SHIB] during the course of the previous week. The hacker then converted the funds into $41 million worth of Binance Coin [BNB] and $48.2 million worth of DAI, respectively.

The public contacts the FTX hacker

Numerous hypotheses on the hack have now come to light. Others say that Sam Bankman-Fried was persuaded to carry out the murder by the government, while some think it was an inside job. Several Ethereum users were seen pleading with the hacker to share the money with them during this time.

About 12 transactions totaling 0.0001 ETH were made into the hacker’s wallet along with a message by a user who was registered with the Ethereum Name Service [ENS] domain.

As its price has been unchanged for the previous two weeks, XRP is feeling the heat of the market fall. Despite numerous tries this month, the seventh-largest cryptocurrency in terms of market cap is failing to rise past the $0.40 threshold. Around these levels, where the asset has been repeatedly rejected as it has retreated from $0.33 to $0.35, At the time of publication, all investors who started holding XRP in 2021 or early 2022 were in the red.

The fact that whales are still selling XRP in November despite the rich list’s massive token dump only makes matters worse. After selling nearly 1 billion in XRP over the previous 14 days, one of the biggest whales went on a dumping binge.