Ethereum’s price is trading below $1,200 on Sunday, charting a decrease of around 3.5% in the past 24 hours.
This happens as the FTX account drainer is swapping ETH for wrapped Bitcoin.
- Data from the popular security resource, PeckShield, revealed that the address that drained funds from FTX is swapping ether for BTC.
- The “FTX Account Drainer” dumped around $6 million worth of ETH (around 5K ETH) and bought 357 renBTC.
(By George Georgiev)