Ethereum Dips Below $1200 as FTX Drainer Swaps 5K ETH For Bitcoin

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)

FTX Ethereum Crypto

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