This mean FTX has a bad security and the team can't make a quick decision to freeze the ETH before the tokens arrived on the hacker wallet, but ETH CEO e.g. Vitalik Butterin and his team should be blamed too. Actually ETH is a centralized token, so it's possible for the CEO to freeze the token even though it's on non custodial wallet. This is why I never trust centralized exchange and coin, they can wrongly freeze someone coin and they're not using their power to freeze the hacked coin (which they must do).
It is also possible that insider is involved on the hack. In normal case exchanges will look for the addresses used in the hacking and will do everything to freeze it. Now, it has been days and yet the address used by hacker isn't frozen yet. Something is not right in here. I do not think it is the matter of security but I think it is a matter of who own that address.
Ftx hacker bought 7000 eth just now…😱
Why is his wallets no frozen coinbase and usdt.
Stealing funds and buying eth. Weird! 😥
Why is his wallets no frozen coinbase and usdt.
Stealing funds and buying eth. Weird! 😥
Seems like a weird decision for a hacker to buy ETH with his stolen funds. I mean i would probably buy stablecoins with it in this turbulent market. Also i don't think it is a very good move to buy Ethereum as a hacker because ETH can be pretty easily traced by the authorities, the policy and everyone else. So if he ever wants to cash those ETH out he will probably get caught i think. Maybe he just bought that ETH now to leave them untouched or to stake them for a few years and then in the futures when no one really thinks about that hack anymore he will start to move those funds again. I am sure though that a lot of people will continue to monitor this hacker even in a few years.
It is definitely weird so I guess it's just a matter of hour or day before that address holding the ETH is frozen.
