Hacker who stole $243M from Gemini creditors likely arrested in Dubai, says ZachXBT

A hacker who stole $243 million from creditors of the bankrupt cryptocurrency exchange Gemini appears to have been arrested in Dubai, according to blockchain expert ZachXBT. He noted that the hacker transferred funds from multiple addresses to a single Ethereum address (starting with 0xb37), a pattern he described as very similar to asset seizures by law enforcement agencies. The address currently holds cryptocurrency valued at $18.58 million. ZachXBT added that the hacker's last known location was Dubai, where claims have emerged that local authorities raided the individual's villa and made an arrest. He also mentioned that acquaintances of the hacker have claimed the person recently lost contact.