June 13, 2024


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 Accounts Drainer’ Consolidates Ethereum Stash Adding 22,212 Ether to the Mysterious Wallet

There’s a lot of curiosity surrounding the ethereum address called the “FTX Accounts Drainer” or “0x59a” because it’s associated with the entity that drained 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.

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

At that time, the wallet was the 35th largest ethereum wallet, and the address held 228,523.83 ether. The stash of ethereum, however, has increased since then by over 22,212 ethereum, and the wallet is now in the 27th position in terms of the largest ethereum wallets 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 sum of ERC20 tokens associated with the FTX exchange. The wallet has over a hundred ERC20 tokens and blockchair.com estimates the wallet’s value to be around $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 the supply is also the second largest in terms of circulating BOBA as it controls 28.78% of the supply. Besides 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.

Tags in this story
0x59a, 0x97f”, 27th largest, Boba, drained millions, ERC20 Tokens, ETH, ETH address, ETH wallet, Ethereum, Ethereum (ETH), Ethereum wallet, Exploiter, FTX accounts, FTX Accounts Drainer, FTX Bankruptcy, FTX collapse, FTX wallet, GRT, LEO, LEO holder, MANA, SRM

What do you think about the “FTX Accounts Drainer” wallet and how it acquired more than 250,000 ethereum? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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