On Nov 12 FTX and FTX US experienced suspicious withdrawals upwards of $450m. The tokens were sold for DAI, ETH, BNB, & more. The tokens were consolidated into one main wallet 0x59. FTX US GC Ryne Miller clarified these were unauthorized transactions. Tether and Paxos froze assets on Ethereum, Solana, and Avalanche.
Update 11/20: Assets continue to be consolidated in 0x59 on mainnet using bridges like Stargate or Celer. Assets began to be bridged from 0x59 to BTC using Ren.
Update 11/21: ETH moved from 0x59 in 12 transactions of 15k ETH