‘FTX Accounts Drainer’ Now Holds Over 250,000 ETH, Address Is the 27th Largest Ethereum Wallet


The exploiter responsible for siphoning millions of dollars in ERC20 tokens and ethereum from FTX has added more ether to the entity’s holdings. The wallet is now situated in the top 30 largest wallet positions in terms of ethereum holdings. The address dubbed the “FTX Accounts Drainer” now holds 250,735 ethereum on Saturday, Nov. 19, 2022.

‘FTX Account Drainer’ Consolidates Ethereum Stash By Adding 22,212 Ether To Mysterious Wallet

There is a lot of curiosity about an Ethereum address called the “FTX Accounts Drainer” or “0x59a” because it is linked to an entity that siphoned millions of dollars in tokens from FTX hours after the company filed for bankruptcy protection.

The blockchain surveillance firm Elliptic wrote about the situation on Nov. 12, 2022, and the company estimated that the entity siphoned roughly $477 million. Bitcoin.com News explained on Nov. 15, 2022, that the address known as “FTX Accounts Drainer” also consolidated a large cache of ether following Elliptic’s blog post.

At the time, the wallet was the 35th largest Ethereum wallet, and the address held 228,523.83 Ether. However, Ethereum storage has since grown to over 22,212, and the wallet is ranked 27th in terms of the largest Ethereum wallet today.

The funds at the time of writing are valued at $303 million and the wallet has seen 688 transactions, some of which are dust transactions sent by unknown parties. In addition to the 250,735 ethereum held by the “FTX Accounts Drainer” or “0x59a” the exploiter is associated with another known address.

The Ethereum (ETH) address “0x97f” also holds a substantial amount of ERC20 tokens linked to the FTX exchange. The wallet contains over a hundred ERC20 tokens and Blockchair.com estimates the wallet to be worth approximately $191.69 million.

Etherscan.io estimates the tokens to be worth roughly $244 million. The most dominant token in the wallet is FTX’s coin FTT as “0x97f” owns around 45.85 million FTT tokens. The address is actually the second-largest FTT wallet today and it holds 13.94% of the circulating FTT supply.

‘0x97f’ is a BOBA, LEO and SRM whale

The wallet also holds 143.88 million BOBA coins from the Boba Network project and is also the second largest in terms of circulating BOBA supply as it controls 28.78% of the supply. Apart from Bitfinex, the address “0x97f” is one of the largest LEO holders today as the wallet is the third largest unus sed leo (LEO) holder.

The address also holds 52.93 million serum (SRM) and it’s the second-largest SRM holder with 20.28% of the entire supply. The wallet holds the 40th position in terms of decentraland (MANA) wallets with 0.35% of the supply. The wallet is also the 32nd largest graph (GRT) holder as well holding 0.44% of the GRT supply.


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