Ethereum

tBTC

Arkham

THORChain

A wallet associated with the hack of the bankrupt <a href="https://cryptoslate.com/companies/ftx/">FTX</a> exchange moved about $38 million in Ethereum (<a href="https://cryptoslate.com/coins/ethereum/">ETH</a>) since it became active during the weekend, with Sam Bankman-Fried’s trial about to <a href="https://cryptoslate.com/wired-unveils-the-global-toll-of-ftx-collapse-amid-sam-bankman-fried-trial-date/">commence</a>. 
On-chain data shows that the attacker came to live on Sept. 30 when it first transferred 6,250 ETH, worth $10.46 million, in three transactions through <a href="https://cryptoslate.com/cryptos/privacy/">privacy</a> tools like RailGun and THORChain. 
Per the Arkham Intelligence dashboard, the attacker continued the transaction trend on Oct. 1, moving about 12,250 ETH in two transactions via THORChain. 
Prominent blockchain analytics firm SpotOnChain <a href="https://twitter.com/spotonchain/status/1708303212208705776">corroborated</a> all of the fund movement. According to the firm, approximately 7,749 ETH, valued at around $13 million, were transferred through privacy tools THORChain and Railgun. Additionally, the attacker exchanged 2,500 ETH, worth roughly $4.19 million, for 153.4 tBTC at an average price of $27,281 per token. 
Cumulatively, the attacker transferred 22,500 ETH, worth $38 million, in seven transactions over the weekend. Meanwhile, these transactions marked the first fund movement from the address since the hacking incident last year. 
FTX was exploited for roughly $400 million a day after it declared bankruptcy. The incident had drawn speculations that the hack was an inside job, with the <a href="https://cryptoslate.com/ftx-hacker-identity-discovered-by-kraken-exchange-team/">attacker’s identity</a> still unknown almost one year later. 
<h2 id="community-worries-over-ftx-attacker-holdings">Community worries over FTX attacker holdings</h2> 
Despite these litanies of transactions, the FTX exploiter wallet still holds digital assets worth $287 million, according to the Arkham Intelligence <a href="https://platform.arkhamintelligence.com/explorer/entity/ftx-exploiter">dashboard</a>. The attacker holds 163,249 units of ETH and 3.9 million USDT, among other assets. 
Meanwhile, crypto community members are <a href="https://twitter.com/ErinaKols/status/1708132021984456759?t=y2EUUTjndB7d6RS2-182gw&amp;s=19">concerned</a> that the FTX attacker transactions could impede an upward movement of ETH’s price as it would increase the selling pressure in the market. Over the past few days, the asset has recorded significant growth, attracting <a href="https://platform.spotonchain.ai/signal-details/whale-returns-to-accumulating-eth-as-price-bounced-back-629">acquisitions</a> from whales. 
CryptoSlate data shows that ETH’s price jumped by 2.5% to $1,722.31 as of press time. 
The post <a rel="nofollow" href="https://cryptoslate.com/ftx-hacker-moves-38m-in-eth-just-days-before-sbf-trial-start/">FTX hacker moves $38M in ETH just days before SBF trial start</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.

FTX hacker moves $38M in ETH just days before SBF trial start

Table of Contents

CryptoSlate

Other articles published on Oct 2, 2023

Solana’s TVL Skyrockets to 2023 High, Sparking Fresh Speculation and Bullish Momentum

The Rise of ‘AI Anxiety’ and How to Manage It

Avalanche (AVAX) Remains Low While PEPE Builds Momentum: VC Spectra (SPCT) Maintains Its Advantage

NITDA’s weird accelerator

Dogecoin’s Breakout Potential: Unveiling the Path to $0.072

Despite Government Shutdown Worries, Stablecoin Legislation Pushed by McHenry

Join our free newsletter for daily crypto updates!