FTX Hacker Becomes 35th Largest ETH Holder – November 15

๐Ÿ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:ย $16,906

Bitcoin price is re-testing local resistance at the $17,000 level, as the market appears to have found some stability โ€“ despite FTX contagion affecting more firms.

Top-20 altcoins are mostly up over the last day of trading, as Ethereum gains 2%, BNB also rises 2% and XRP rallies 15%.

Top Stories for November 15, 2022 ๐Ÿ”ฅ

๐Ÿ‘‰ FTX Hacker Becomes 35th Largest ETH Holder

The FTX hacker, who took $600 million of crypto from the exchange last week, has become the 35th largest holder of Ether (ETH) today.

The attacker swapped $48 million worth of the DAI stablecoin for 37,000 ETH today, taking the total balance in the address to more than 228,000 ETH โ€“ worth around $288 million at current market prices.

Funds were stripped from FTX wallets late last Friday, with the exchange’s official Telegram channel warning users that the app had been compromised.


๐Ÿ‘‰ Crypto Exchange Liquid Suspends Withdrawals

Japanese crypto exchange Liquid has suspended withdrawals for both fiat and crypto, citing compliance with Chapter 11 bankruptcy proceedings.

The exchange is owned by FTX, having been acquired by the company in February of this year. Liquid was founded in 2014, licensed under Japanโ€™s Payment Services Act.

๐Ÿ‘‰ New York Federal Reserve & Banks Start Digital Dollar Pilot

The New York Federal Reserve has teamed up with multiple private banks for a 12-week pilot program for a digital dollar.

The pilot is built on distributed ledger technology (DLT) and will use simulated data, rather than processing real-life transactions. BNY Mellon, Citigroup, HSB Holdings and Mastercard are just a few of the names collaborating on the project.