FTX hacker identity discovered by Kraken Exchange team FTX hacker identity discovered by Kraken Exchange team
Kraken Exchange CSO, Nick Percoco, just announced via a tweet reply that the hackers identity has been discovered
1 min read
Updated: Sep. 26, 2023 at 2:45 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Nick Percoco, the CSO of Kraken Exchange, tweeted just an hour ago in response to Mario Nawfal that the Kraken team now knows the identity of the user that hacked FTX.
We know the identity of the user.
— Nick Percoco (@c7five) November 12, 2022
Founder and CEO of IBCgroup.io, Mario Nawfal tweeted explaining that “the hacker is very likely an inexperienced insider.”
Community collective efforts
Satoshi Stacker, the well-established Youtuber, and crypto/NFT proponent also weighed in on the situation — explaining that “the FTX Hacker” just funded his TRX wallet from Kraken.
BREAKING:
The FTX ”Hacker” just funded his TRX wallet from Kraken.
The same wallet that holds the stolen funds.
This means Kraken should have enough information to track down this individual/Individuals together with law.If it’s Sam this is basically him not caring.
— Satoshi Stacker (@StackerSatoshi) November 12, 2022
Having used Kraken throughout the hack to offload the stolen funds, Know-Your-Customer (KYC) details were clearly enough for the Kraken team to identify the user.
Just keep digging
CEO and co-founder of Hacken.io, Dyma Budorin, complimented Tobias Silver — founder of just.money — on his deep dive of the FTX Tron accounts.
Budorin determines that an “insider is behind [the FTX] rug pull / exit scam” as a result of the hacker’s incompetency.
TLDR: insider is behind @FTX_Official rug pull / exit scam
Great thread that proves to me that #ftx #hack is an insider job:
– too slow
– stupid mistakes
– kraken account involved
– hacker would have acted earlierGreat job @TobiasSilverJM to spot this https://t.co/h0PT8fBD9I
— Dyma Budorin 🇺🇦 (@buda_kyiv) November 12, 2022
Kraken will now likely be working together with law enforcement to track the identified individual.
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Josh O'Sullivan
Josh has been writing for a decade and is passionate about mainstream crypto adoption, bringing positive financial change to the masses through crypto and decentralized finance as a whole.
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FTX is a cryptocurrency derivatives exchange that offers futures, leveraged tokens and OTC trading.
FTX
FTX is a defunct cryptocurrency exchange, currently in bankruptcy proceedings, that was founded by Sam Bankman-Fried and Zixiao “Gary” Wang in May 2019.
Kraken
Kraken is a San Francisco-based digital asset exchange in euro volume and liquidity that trades various currencies, including Canadian dollars, US dollars, British pounds, and Japanese yen.