FTX has reportedly hired a team of financial forensic investigators to track down missing customer crypto.
Financial advisory company AlixPartners was chosen for the task and is led by former Securities and Exchange Commission chief accountant, Matt Jacques, according to reports.
It is understood that the forensics firm will be tasked with conducting asset-tracing to identify and recover the missing digital assets and will complement the restructing work being undertaken by FTX.
Former CEO Sam Bankman-Fried claimed in an interview that he was close to finding who the hacker was and that he had narrowed it down to eight people believing it was either an ex-employee or somewhere someone installed malware on an ex-employee’s computer.
The stolen funds from FTX have since been on the move through various crypto mixers and exchanges to launder the funds. The hacker transferred their Ether holdings on Nov. 20 to a new wallet address and swapped some of the ETH for an ERC-20 version of Bitcoin afterward bridging the funds to the BTC Network.
They then used a laundering technique called peel chaining that subdivides the holdings into increasingly smaller amounts across multiple wallets and sent the BTC through a crypto mixer then to the OKX exchange on Nov. 29.
