<ul>
 <li>This activity occurred right around the trial of former FTX CEO Sam Bankman-Fried.</li>
 <li>CertiK’s analysis emphasizes the use of a peel chain while investigating.</li>
</ul>
CertiK has recently identified new behavior associated with the infamous <a href="https://thenewscrypto.com/crypto-news-cz-binance-sued-over-ftx-downfall/" target="_blank" rel="noopener noreferrer nofollow">FTX</a> hacker. In this case, CertiK Alert detected a large bridge transaction involving 5,624 ether and Bitcoin. Moreover, the hacker transferred 7,500 Ether and 9,375 Ether to EOA.
Around 15,000 <a href="https://thenewscrypto.com/ethereum-faces-bearish-pressure-after-recent-bullish-rally/" target="_blank" rel="noopener noreferrer nofollow">ETH</a> were discovered to have been converted to <a href="http://bitcoin.org" target="_blank" rel="noopener noreferrer nofollow">BTC</a> by the hacker on September 30. This measure is a direct response to warnings that the hacker who stole millions from the collapsed FTX exchange has returned. Furthermore, only days before, CertiK Alert had provided alerts about the hacker possibly bridging up to 30,000 ETH to BTC.
<h3 class="wp-block-heading" id="h-no-concrete-links">No Concrete Links</h3>
In this regard, the CertiK Alert has proven indispensable. CertiK’s analysis emphasizes the use of a peel chain while investigating the hacker’s techniques. This method of laundering money entails dividing up large sums of money into multiple smaller sums before moving them from one wallet to another.
This activity occurred right around the trial of former FTX CEO <a href="https://en.wikipedia.org/wiki/Sam_Bankman-Fried" target="_blank" rel="noopener noreferrer nofollow">Sam Bankman Fried</a> (SBF), adding to the mystery surrounding its timing. Although the trial’s proximity to the hacker’s actions has attracted curiosity, so far no concrete links have been uncovered between the two.
One of the most controversial concerns, the lack of a clear crypto regulatory framework in the U.S., has come to the fore since the trial against FTX founder and former CEO Sam Bankman Fried started on October 3. The prosecution and defense have begun to argue on the importance of U.S. crypto regulation principles to the case, which is notable.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/crypto-news-india-set-to-launch-global-crypto-exchanges-database/" target="_blank" rel="noopener noreferrer nofollow">India Set to Launch Global Crypto Exchanges Database to Fight Crime</a>

Defunct FTX Hacker Moves Funds Amid Ongoing SBF Trial

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