-: FOLLOW US :- @theinsaneapp
Paxos, a trust and blockchain company, has successfully reclaimed $20 Million worth of gold tokens from the wallets of an unidentified attacker who hacked FTX last November.
-: FOLLOW US :- @theinsaneapp
Shortly after the company filed for Chapter 11 bankruptcy protection, Sam Bankman-Fried was able to profit from its failed exchange.
-: FOLLOW US :- @theinsaneapp
Paxos Gold tokens (PAXG), backed with real gold in Paxos custody, were among the most seized assets.
-: FOLLOW US :- @theinsaneapp
Paxos quickly froze 11,184 Paxos Gold ($PAXG) from four hacker-controlled wallets worth $20 million.
-: FOLLOW US :- @theinsaneapp
The assets were reclaimed by the team six weeks later.
-: FOLLOW US :- @theinsaneapp
Yesterday, Paxos moved the stolen tokens from Etherscan addresses marked as "FTX Accounts drainer" and transferred them to a null location.
Security firm PeckShield observed this based on on-chain information.