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<p>FTX hacker stirs, moving $4 million in Ethereum</p> 
<h2 style="text-align: center;" id="strong-ftx-hacker-resurfaces-after-nearly-a-year-strong"><strong>FTX Hacker Resurfaces After Nearly a Year</strong></h2> 
<p>The FTX hacker, responsible for the massive breach last November, has recently shown activity. Blockchain data reveals that around $4 million worth of Ethereum, which had been dormant since the FTX exchange exploit, <a href="https://cointelegraph.com/news/ftx-hacker-wallet-stirs-as-ethereum-etf-prepare-for-us-debut" rel="noopener noreferrer nofollow">began moving</a>. This comes almost 11 months post the incident. The hacker, in a series of transactions, divided approximately 2,500 Ethereum using privacy tools such as the Thorchain router and Railgun wallet. This sudden movement indicates that the hacker is accessing the funds that had been dormant for nearly a year.</p> 
<h2 style="text-align: center;" id="strong-the-mystery-of-the-ftx-breach-strong"><strong>The Mystery of the FTX Breach</strong></h2> 
<p>The identity of the individual or group behind the FTX breach remains a mystery. Last year, accounts associated with FTX and its US affiliate were unexpectedly drained on November 11th, coinciding with the resignation of founder <a href="https://walletinvestor.com/magazinadmin/sam-bankman-fried-denied-temporary-release-from-jail/" rel="noopener noreferrer nofollow">Sam Bankman-Fried</a> amidst bankruptcy proceedings. At that time, a staggering 21,500 Ethereum, equivalent to $27 million, was siphoned off from FTX wallets. These were swiftly converted to the stablecoin DAI, presumably to sidestep market volatility. Analysts speculate that these recent obscure transfers might be an attempt to launder the funds or withdraw them without detection.</p> 
<p>&nbsp;</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">🚨🚨 FTX Exploiter 0x3e957 just moved 2500 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> ($4.2M) to new addresses</p> 
 <p>This is the first time the address has been active since the hack 10 months ago. The address still holds 12.5K <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a></p> 
 <p>Follow the next actions via our platform at</p> 
 <p><a href="https://t.co/7LnmryLvhL" rel="noopener noreferrer nofollow">https://t.co/7LnmryLvhL</a> <a href="https://t.co/yl2NnMwaqW" rel="noopener noreferrer nofollow">pic.twitter.com/yl2NnMwaqW</a></p> 
 <p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1707986033017549127?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 30, 2023</a></p> 
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h2 style="text-align: center;" id="strong-details-of-the-recent-movement-strong"><strong>Details of the Recent Movement</strong></h2> 
<p>In November 2022, FTX faced a hack. After that, funds linked to the exploit began moving. Specifically, Ethereum tied to FTX showed activity. For the first time in a year, it moved. These funds were then split. Some used Thorchain Router. Meanwhile, others chose the Railgun tool. Railgun is a unique wallet. It focuses on privacy. Users can store tokens there. They can also engage in decentralized services. On the other side, Thorchain swaps tokens. It works between different blockchains. Notably, 12,500 ETH is still untouched. It’s worth around $21 million. Currently, it remains in the original wallet.</p> 
<p>&nbsp;</p> 
<h2 style="text-align: center;" id="strong-ethereum-etfs-and-the-ftx-hacker-s-activity-strong"><strong>Ethereum ETFs and the FTX Hacker’s Activity</strong></h2> 
<p>The recent wallet activity is intriguingly timed with the impending launch of Ethereum-based ETFs in the US. On-chain data has highlighted the movement of 2,500 ETH, each priced at $4 million, from the hacker’s wallet. Such transfers are typically associated with selling actions, which could influence Ethereum’s price, potentially affecting smaller investors. The Ethereum price might also see a bullish trend with the upcoming launch of Ethereum ETFs in the US. Several firms are currently in line, awaiting the nod from the U.S. Securities and Exchange Commission (SEC) for their ETF products.</p> 
<h2 style="text-align: center;" id="strong-summary-strong"><strong>Summary</strong></h2> 
<p>In conclusion, as the world of cryptocurrency continues to evolve, the activities of hackers and their impact on the market remain a significant concern. With the upcoming launch of Ethereum ETFs in the US, all eyes will be on the market’s response and the potential implications of the FTX hacker’s recent actions.</p> 
<p>&nbsp;</p>

FTX Hacker’s Wallet Activity Coincides with Ethereum ETFs’ US Launch

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