According to recent information from Spot On Chain, an address linked to the FTX exploit identified as 0x3e9, has made transfers of more than 10,000 Ether (ETH), with an approximate value of 17 million dollars, in five different addresses since September 30. The addresses had been inactive for several months prior to the recent activity.
A significant portion of the 7,749 ETH, worth approximately $13 million, went to the THORChain router and the Railgun contract. Furthermore, the exploiter made a trade involving 2,500 ETH, worth around $4.19 million, turning it into 153.4 tBTC at an average price of $27,281 per token.
At the time of the initial attack on Saturday, September 30, approximate losses amounted to almost 50,000 ETH.
FTX Exploiter 0x3e9 has transferred a total of 10,250 $ETH ($17.1 million) through 5 addresses during the last 24 hours:
- sent 7,749 $ETH ($13 million) for Thorchain router and Railgun contract
- exchanged 2,500 $ETH ($4.19 million) at 153.4 $tBTC at $27,281 on average
It should be noted that the address has beenโฆ https://t.co/xzmDz8Vmma pic.twitter.com/4Ykp0zih6G
- Spot on chain (@spotonchain) October 1, 2023
The hack occurs when the market anticipates the Ethereum futures ETF launch on Monday, October 2.
The trial of FTX co-founder Sam Bankman-Fried will also begin in October.
The trial is expected to last six weeks, beginning with jury selection on October 3, followed by initial court proceedings on October 4. Bankman-Fried faces seven counts related to fraudulent activity, comprising two substantive counts and five counts of conspiracy.
Related: Valkyrie backs off purchases of Ether futures contracts until ETF launch
The founder of FTX pleaded not guilty to all accusations. Although numerous attempts to obtain 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.
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