FTX Exploiter's Recent ETH Moves: Over $17M Transferred

According to Spot On Chain’s latest data, a transaction originating from the FTX exploit’s associated address, 0x3e9, has exceeded 10,000 Ether in value. This represents roughly $17 million. These transfers have taken place across five separate addresses since Sept 30. Interestingly enough, these particular addresses had been inactive for an extended period before experiencing this recent surge in activity.

A significant amount of 7,749 ETH, valued at around $13 million, was transferred to the THORChain router and Railgun contract. Furthermore, the person responsible for the exploit carried out a swap involving 2,500 ETH worth approximately $4.19 million. This conversion resulted in obtaining 153.4 tBTC tokens at an average price of $27,281 per token.

When the initial hack occurred on Saturday, Sept 30, approximately 50,000 ETH was estimated to have been lost.

🚨 FTX Exploiter 0x3e9 has transferred out a total of 10,250 $ETH ($17.1M) via 5 addresses over the past 24 hours:

– sent 7,749 $ETH ($13M) to the Thorchain router and Railgun contract

– swapped 2,500 $ETH ($4.19M) to 153.4 $tBTC at $27,281 on avg

Notably, the address has been… https://t.co/xzmDz8Vmma pic.twitter.com/4Ykp0zih6G
— Spot On Chain (@spotonchain) October 1, 2023

This coincided with the market’s anticipation of the launch of Ethereum futures ETFs scheduled for Monday, Oct 2.

Six-Week Trial For FTX Founder Sam Bankman-Fried Nears

The trial for Sam Bankman-Fried, co-founder of FTX, is also supposed to commence in the upcoming month of Oct.

The trial, which will last approximately six weeks, is set to begin with the jury selection on Oct 3. The initial court proceedings will follow on October 4. Bankman-Fried faces seven charges related to fraudulent activities, including two substantive charges and five conspiracy charges.

The founder of FTX, Sam Bankman-Fried, has maintained his plea of not guilty in response to all accusations lodged against him. However, Despite making multiple attempts to secure temporary release, Bankman-Fried remains in custody as Judge Lewis Kaplan recently denied his latest request for release. The judge expressed concerns regarding the potential risk of him attempting to flee.

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