FTX hacker distributes nearly $200 million in ETH across 12 wallets

The hacker responsible for the theft of more than $447 million in cryptocurrency from the crypto exchange FTX has been spotted moving their looted funds once more.

According to Etherscan data, between 4:11 and 4:17 p.m. UTC on November 21, the attacker transferred 180,000 ETH across 12 newly created wallets, each receiving 15,000 ETH. At current prices, the total amount moved was $199.3 million.

The ETH had not moved from any of the 12 wallets at the time of publication.

Some in the cryptocurrency community believe the attacker intends to subdivide it into smaller and smaller amounts to confuse investigators, a process known as “peel chaining,” or they intend to use a mixing service at some point to obscure which coins are theirs.