According to blockchain data source Spot On Chain, the Ethereum address linked to the FTX hack has moved over 10,250 Ethereum (ETH) worth around $17.7 million.
FTX Exploiter Has Moved Over $17M In ETH
According to blockchain data source Spot On Chain, the Ethereum address linked to the FTX hack has moved over 10,250 Ethereum (ETH) worth around $17.7 million across various accounts since September 30.
A significant portion of the funds, totaling some 7,749 ETH, or almost $13.4 million, were directed to the THORChain router and Railgun smart contracts. The exploiter also engaged in a 2,500 ETH swap worth $4.19 million for tBTC tokens.
This comes as the trial of arrested FTX co-founder Sam Bankman-Fried (SBF) on seven charges, including fraud, is due to begin on October 3. The Department of Justice has seeked to block SBF’s witnesses from testifying, while he remains in jail after being denied bail while pleading not guilty.
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