Follow crypto hack news, exploits, bridge attacks, protocol breaches, and security lessons from major incidents across Web3.
On-chain detective, ZachXBT, tackled misinformation on a Twitter thread regarding spoofed transactions, misplaced blame, and false identification by exchanges.
Josh O'Sullivan 3 min read 
Concerns surrounding Ethereum emerge following the FTX Exploiter's movement of stolen funds out of ETH and into BTC.
The FTX exploiter currently holds $11.8 million BNB and ETH worth around $346.8 million at current prices.
The hacker exchanged around 3.9 million BSC-USD for 5,564.83 Ethereum via the Celer Network and cBridge and Stargate Finance.
On-chain sleuths ZachXBT and Austin @1A1zP1 investigated Gate.io's coverup of a hack that occurred in 2018 and called out Gate.io's CEO for self-promoting as a blockchain security steward.
Deeper look at on-chain data shows the hacker has been sending messages to exchanges, Vitalik and Uniswap using tokens created within the past 24 hours.
Kraken Exchange CSO, Nick Percoco, just announced via a tweet reply that the hackers identity has been discovered
In the latter hours of Friday evening, FTX founder Sam Bankman-Fried secretly moved $10 billion in funds to Alameda trading firm via software "backdoor."
PeckshieldAlert and Zachxbt revealed that phishing scammer Monkey Drainer stole NFTs worth roughly 520 ETH, which is about $824,200.
