Blockchain News Flash 📰: According to Spot On Chain, the address 0x3e9 related to the FTX vulnerability has transferred more than 10,000 Ether coins (ETH) to five different addresses since September 30, worth approximately 17 million Dollar. These addresses had been inactive for months before the recent activity. 💰
Of this, 7,749 ETH worth approximately $13 million was mostly used for the THORChain router and Railgun contracts. Additionally, the exploiter conducted a swap transaction involving 2,500 ETH worth approximately $4.19 million, converting it into 153.4 tBTC at an average price of $27,281 per token. 🔄
It is worth noting that the hack occurred at a time when the market was anticipating the launch of the Ethereum Futures ETF on October 2. Meanwhile, the trial of FTX co-founder Sam Bankman-Fried, who faces seven charges related to fraudulent activities, is also set to begin in October. 🔍
The FTX founder has pleaded not guilty to all charges and remains in custody despite multiple attempts to obtain temporary release. A judge rejected his latest request for release because he thought he might run away. 🚨
Of this, 7,749 ETH worth approximately $13 million was mostly used for the THORChain router and Railgun contracts. Additionally, the exploiter conducted a swap transaction involving 2,500 ETH worth approximately $4.19 million, converting it into 153.4 tBTC at an average price of $27,281 per token. 🔄
It is worth noting that the hack occurred at a time when the market was anticipating the launch of the Ethereum Futures ETF on October 2. Meanwhile, the trial of FTX co-founder Sam Bankman-Fried, who faces seven charges related to fraudulent activities, is also set to begin in October. 🔍
The FTX founder has pleaded not guilty to all charges and remains in custody despite multiple attempts to obtain temporary release. A judge rejected his latest request for release because he thought he might run away. 🚨