FTX makes headlines once again. Early on November 20th, whoever was responsible for the $600 million crypto exchange FTX hack began trading millions of dollars worth of ether for Ren Bitcoin (renBTC). The token represents bitcoin on other blockchains.
The second largest digital asset by market value appears to be caught up in the recent FTX-Alameda drama. According to market analysts, the hack was orchestrated by an insider. Today’s token exchange has added fuel to this viewpoint. The use of renBTC may surprise some within the crypto community. This is due to the connection between renBTC tokens and Alameda Research.
FTX account drainer cashes out Etherv for BTC
A substantial number of crypto investors do not believe that FTX was hacked during the current crisis. The breach occurred at a time when the beleaguered crypto exchange was attempting to explain what was going on. According to reports, the hacker stole $600 million. This money has begun to circulate throughout the crypto ecosystem.
Source: https://www.cryptopolitan.com/ftx-hacker-swaps-eth-for-renbtc-tokens/