FTX exploiter moved over $17M in ETH in the last 24 hours

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<p>According to recent information from Spot On Chain, an address linked to the FTX exploit identified as 0x3e9, has conducted transfers exceeding 10,000 Ether (ETH), worth roughly $17 million, across five different addresses since Sept. 30. The addresses had remained inactive for several months before the recent activity.</p>
<p>A significant portion of the 7,749 ETH, worth roughly $13 million, was directed toward the THORChain router and Railgun contract. Furthermore, the exploiter engaged in a swap involving 2,500 ETH, worth around $4.19 million, converting it into 153.4 tBTC at an average price of $27,281 per token.</p>
<p>At the time of the initial hack on Saturday, Sept. 30, approximate losses amounted to nearly 50,000 ETH.</p>
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<p lang="en" dir="ltr"> FTX Exploiter 0x3e9 has transferred out a total of 10,250 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> ($17.1M) via 5 addresses over the past 24 hours:</p>
<p>– sent 7,749 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> ($13M) to the Thorchain router and Railgun contract</p>
<p>– swapped 2,500 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> ($4.19M) to 153.4 <a href="https://twitter.com/search?q=%24tBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$tBTC</a> at $27,281 on avg</p>
<p>Notably, the address has been… https://t.co/xzmDz8Vmma <a href="https://t.co/4Ykp0zih6G">pic.twitter.com/4Ykp0zih6G</a></p>
<p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1708303212208705776?ref_src=twsrc%5Etfw">October 1, 2023</a></p></blockquote>
<p>The hack comes as the market anticipates the launch of Ethereum futures ETFs on Monday, Oct. 2.</p>
<p>The trial of FTX co-founder Sam Bankman-Fried is also set to begin in October.</p>
<p>The trial is expected to last six weeks, beginning with jury selection on Oct. 3, followed by initial court proceedings on Oct. 4. Bankman-Fried faces seven charges connected to fraudulent activities, comprising two substantive charges and five conspiracy charges.</p>
<p><strong><em>Related: </em></strong><strong><em>Valkyrie backtracks on Ether futures contract purchases until ETF launch</em></strong></p>
<p>The FTX founder has pleaded not guilty to all allegations. Despite numerous attempts to secure temporary release, Bankman-Fried remains in custody. Judge Lewis Kaplan denied his most recent request for release, citing concerns about the possibility of him fleeing.</p>
<p><strong><em>Magazine: </em></strong><strong><em>Can you trust crypto exchanges after the collapse of FTX?</em></strong></p>
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<br /><a href="https://cointelegraph.com/news/ftx-exploiter-moved-more-than-17m-in-eth-within-the-last-24-hours">Source link </a></p><p>The post <a href="https://forextraderhub.com/ftx-exploiter-moved-over-17m-in-eth-in-the-last-24-hours.html">FTX exploiter moved over $17M in ETH in the last 24 hours</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>