FTX’s Attacker Moves More Than $17M in ETH

Recent data from Spot On Chain has revealed that a wallet connected to the FTX exploit, known as 0x3e9, has transferred over 10,000 Ether, which is equivalent to $17 million, to five different addresses since the end of September.

These addresses had previously been inactive for several months.

A large portion of the Ether, approximately 7,749 ETH worth $13 million, was sent to the THORChain router and Railgun contract.

The hacker also used 2,500 ETH worth $4.19 million to swap for 153.4 tBTC at an average price of $27,281 per token.

The initial hack, which occurred on Saturday, Sept. 30, resulted in losses of approximately 50,000 ETH. This incident coincides with the highly anticipated launch of Ethereum futures ETFs on Monday, Oct. 2.

In October, the trial of FTX co-founder Sam Bankman-Fried is set to begin.

The trial is expected to last six weeks, with jury selection beginning on Oct. 3 and initial court proceedings starting on Oct. 4.

Bankman-Fried is facing seven charges related to fraudulent activities, including two substantive charges and five conspiracy charges.