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

1 min read Original Link

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)

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