Chances are the hacker is storing in another token first. Various sources also say the mysterious hacker behind it is now the 35th richest ETH holder.
Reportedly, several addresses associated with the FTX account drain moved over 21,555 ETH worth, or over $27 million, to a single address which was then converted to DAI on the CowSwap exchange service.
I think they (hackers) will eventually move to USDT.
Thanks for the info, I didn't follow the news because I'm thinking that the hack could be the work of someone inside, this is just my thoughts.
I mean the timing, when everything is falling apart on FTX, they halted the withdrawals and everything, and in the exact time, the hackers were able to breach them, and stole that huge amount of ETH.
So that is already a double black eye for SBF, as there are tons of investors losing huge amount of money and "some" hackers just take it away from them without any difficulty and now richer by a millions that we can't trace as who owns it.