Ethereum

Based

United

Bitcoin

Spot

<div class="sg-post-des">
 The data reveals two separate transactions in which the exploiter moved 2,500 ETH, each valued at $4 million. 
</div> 
<div class="cointelegraph"> 
 Almost a year following the FTX hack that resulted in the loss of $600 million in tokens, on-chain data indicated recent activity in the <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> of the perpetrator, identified as 0x3e957, on Saturday, Sept. 30, 2023. This is occurring closely to the launch of Ethereum-based ETF in the United States. 
 Based on on-chain data sourced from Spotonchain, the individual responsible for the FTX incident recently activated their address after a prolonged period. Presently, the <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> contains a substantial sum of $16.75 million in ETH tokens. 
 <blockquote class="twitter-tweet"> 
 FTX Exploiter 0x3e957 just moved 2500 $ETH ($4.2M) to new addresses This is the first time the address has been active since the hack 10 months ago. The address still holds 12.5K $ETH Follow the next actions via our platform at https://t.co/7LnmryLvhL pic.twitter.com/yl2NnMwaqW— Spot On Chain (@spotonchain) September 30, 2023 
 </blockquote> 
 The data reveals two separate transactions in which the exploiter moved 2,500 ETH, each valued at $4 million. Such transfers are often linked to selling activity, potentially exerting downward pressure on prices and affecting smaller investors. The ETH price could take a bullish trend soon with the launch of the various Ethereum ETFs in the United States. 
 The introduction of Ethereum-based ETFs by several companies on October 2, 2023, marks another potential factor influencing ETH's price. If all goes according to plan, and the U.S. Securities and Exchange Commission (SEC) grants accelerated approval for up to nine ETF products on that date, it could have a significant impact. 
 Related: Valkyrie backtracks on Ether futures contract purchases until ETF launch 
 Simultaneously, the looming risk of a U.S. government shutdown may pose a potential threat to Bitcoin (BTC) prices due to its adverse effects on the banking sector. 
 Magazine: Can you trust crypto exchanges after the collapse of FTX? 
 <template data-name="subscription_form" data-type="crypto_biz"></template> 
</div> 
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ftx-hacker-s-wallet-stirs-as-ethereum-etfs-prepare-for-u-s-debut-tbt64655.html">https://thebittimes.com/ftx-hacker-s-wallet-stirs-as-ethereum-etfs-prepare-for-u-s-debut-tbt64655.html</a>

FTX hacker's wallet stirs as Ethereum ETFs prepare for U.S. debut

TheBitTimes

Other articles published on Sep 30, 2023

Janet Yellen Says Government Shutdown Could Bring a Recession

Ripple CEO Immortalizes XRP With New Tattoo

BRICS Contemplates New Payment System to Challenge SWIFT

UU Stock Price: Market Reacts to the Poor Financial Performance

Bullish Momentum: LINK Token Poised for Potential 130% Surge?

From CeFi to DeFi: How investors can redefine their asset management approach

Join our free newsletter for daily crypto updates!