{"id":23213,"date":"2023-10-01T10:06:30","date_gmt":"2023-10-01T10:06:30","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/ftx-exploiter-moved-over-17m-in-eth-in-the-last-24-hours\/"},"modified":"2023-10-01T10:06:32","modified_gmt":"2023-10-01T10:06:32","slug":"ftx-exploiter-moved-over-17m-in-eth-in-the-last-24-hours","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/ftx-exploiter-moved-over-17m-in-eth-in-the-last-24-hours\/","title":{"rendered":"FTX exploiter moved over $17M in ETH in the last 24 hours"},"content":{"rendered":"

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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>\n

A significant portion of the 7,749 ETH, worth roughly $13 million, was directed toward the THORChain router and Railgun contract.\u00a0Furthermore, 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>\n

At the time of the initial hack on Saturday, Sept. 30,\u00a0approximate losses amounted to nearly 50,000 ETH.<\/p>\n

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

– sent 7,749 $ETH<\/a> ($13M) to the Thorchain router and Railgun contract<\/p>\n

– swapped 2,500 $ETH<\/a> ($4.19M) to 153.4 $tBTC<\/a> at $27,281 on avg<\/p>\n

Notably, the address has been\u2026 https:\/\/t.co\/xzmDz8Vmma pic.twitter.com\/4Ykp0zih6G<\/a><\/p>\n

\u2014 Spot On Chain (@spotonchain) October 1, 2023<\/a><\/p><\/blockquote>\n

The hack comes as the market anticipates the launch of Ethereum futures ETFs on Monday, Oct. 2.<\/p>\n

The trial of FTX co-founder Sam Bankman-Fried is also set to begin in October.<\/p>\n

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>\n

Related: <\/em><\/strong>Valkyrie backtracks on Ether futures contract purchases until ETF launch<\/em><\/strong><\/p>\n

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>\n

Magazine: <\/em><\/strong>Can you trust crypto exchanges after the collapse of FTX?<\/em><\/strong><\/p>\n<\/div>\n