These transactions coincide with the upcoming trial of Sam Bankman-Fried, the former CEO of FTX. However, no concrete connections have been confirmed between these events. The hacker has been employing a peel chain money laundering technique across more than 80 Bitcoin wallets.
FTX first labeled the incident in November 2022 as a hack through its Telegram channel but later revised its statement, calling it “unauthorized access”. This change in terminology has sparked conjecture about a potential inside job within the FTX circle. Despite these suspicions, no conclusive evidence has been presented to substantiate these claims.
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Source: Cryptocurrency - investing.com
