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The infamous <a href="https://crypto.news/ftx-hacker-sent-255-btc-4-1-million-to-crypto-alternate-okx/" rel="noopener noreferrer nofollow">FTX exploiter</a> with address 0x3e957 has resurfaced. 
After 10 months of inactivity, the hacker that masterminded the multi-million dollar <a href="https://crypto.news/ftx-hacker-sent-255-btc-4-1-million-to-crypto-alternate-okx/" rel="noopener noreferrer nofollow">FTX heist</a> transferred 2,500 ETH, equivalent to $4.2 million, from their dormant address.&nbsp; 
This marks the first activity from the address since the infamous hack almost a year ago. According to blockchain analytics platform Spotonchain, the address 0x3e957 still holds a substantial 12.5K ETH.&nbsp; 
The attacker now reportedly controls a staggering 180,735 ETH across 13 addresses, totaling an approximate value of $302.5 million.&nbsp; 
 You might also like: <a href="https://crypto.news/ftx-hacker-is-using-chipmixer-which-might-have-ties-with-the-government/" rel="noopener noreferrer nofollow"> FTX hacker is using ChipMixer which might have ties with the government </a> 
<h2 class="wp-block-heading" id="sam-bankman-fried-s-trial-looms">Sam Bankman-Fried’s trial looms</h2> 
Almost a year after the collapse of FTX, founder Sam Bankman-Fried faces an imminent <a href="https://crypto.news/year-after-ftx-collapse-what-to-expect-from-sbf-trial/" rel="noopener noreferrer nofollow">trial</a>. The proceedings are set to commence on Oct. 3, extending for at least 21 days until Nov. 9. 
During this period, Bankman-Fried will remain in custody at a Brooklyn prison, where he was detained on Aug. 11. He faces seven counts of fraud, with investigators asserting that he unlawfully seized the assets of FTX clients. 
While Bankman-Fried pleads not guilty, the allegations fuel an already intense legal drama surrounding the fate of FTX. 
FTX <a href="https://crypto.news/ftx-sues-sbfs-parents-over-misappropriating-millions-of-dollars/" rel="noopener noreferrer nofollow">alleged</a> Bankman-Fried’s parents, Joseph Bankman and Barbara Fried, of exploiting their positions within the company to accumulate wealth illicitly, actions believed to have played a significant role in the company’s downfall. This case challenges SBF’s earlier statements, suggesting that his parents were deeply involved in FTX’s operations right from the beginning. 
The court <a href="https://eu.docworkspace.com/d/sAIiWMX6F4bpoutXh2bKnFA" target="_blank" rel="noopener noreferrer nofollow">filing</a> also contains details about a salary dispute within FTX. Initially offered $200,000 annually, Joseph Bankman sought $1 million in annual compensation for his contributions to the company. This revelation sheds light on the intricate financial dynamics within FTX leading up to its bankruptcy. 
<h2 class="wp-block-heading" id="ftx-token-ftt-price-analysis">FTX token (FTT) price analysis</h2> 
The price of the FTX token, FTT, has experienced a notable decline since the fall of the SBF empire. Currently, FTT is valued at $1.12, with a 24-hour trading volume of $13,191,466.79. 
This marks an over -98% decrease from its all-time high, which was achieved in September 2021. However, there is a silver lining, as FTT has shown a 7% increase in the past 14 days, data from <a href="https://www.coingecko.com/en/coins/ftx-token" target="_blank" rel="noopener noreferrer nofollow">CoinGecko</a> shows. 
 Read more: <a href="https://crypto.news/arkham-intelligence-offers-bounty-for-identifying-ftx-hacker/" rel="noopener noreferrer nofollow"> Arkham Intelligence offers bounty for identifying FTX hacker </a>

FTX hacker moves $4.2m worth of ETH after months of inactivity

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