Crypto Blog
As FTX and its disgraced founder, Sam Bankman-Fried’s courtroom drama continued to unfold in Manhatten, revealing astonishing details that led to the crypto giant’s unraveling, elsewhere, the trail of stolen funds from the exchange has been found to have a Russian connection.The majority of the funds, primarily in ether , remained inactive for a period of five days. Subsequently, a substantial sum of 65,000 ETH was moved to the Bitcoin blockchain using the RenBridge service.
There is speculation that the perpetrators could have made off with a larger sum if not for the swift action taken by FTX staff and bankruptcy advisors. They successfully safeguarded assets of over $300 million before the thief had a chance to gain access to them.that a Russia-linked actor seems a stronger possibility behind the theft.
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