#shorts #crypto #theft #money laundering #Russia #FTX #hackers #blockchain #Elliptic #stablecoins #Tether #Uniswap #PancakeSwap #Ethereum #Bitcoin #mixing services
Good evening, I’m Gregory. This week, new clues suggest the $400 million stolen from crypto exchange FTX may be going to Russian money launderers. Tracing firm Elliptic says the funds moved through various crypto services to hide the trail, but part went to a pool linked to Russian ransomware hackers. Though the thieves are unknown, analysts say they likely have ties to Russia. The stolen funds traded stablecoins for crypto on decentralized exchanges, then bridged to Ethereum and Bitcoin to access mixing services. Shockingly, some funds even went through an FTX-owned bridge. So the victim of the hack had their own service used to launder the stolen loot. More on this convoluted crypto caper, right after this.
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