Multimillion FTX hack linked to Russian hackers: Elliptic

Blockchain intelligence company Elliptic has linked FTX’s $400 million hack to Russian hackers, citing the unsophisticated method of laundering employed by the attacker.

Per Elliptic’s report, the attacker was converting the stolen funds to Bitcoin using Renbridge, a service owned by the bankrupt exchange sister company, Alameda Research. Consequently, the attacker used ChipMixer and other crypto-mixing services to cover their tracks.