According to the latest information from Spot On Chain, the address associated with the FTX breach, identified as 0x3e9, has moved more than 10,000 Ether (ETH) worth about $17 million to five different addresses since September 30. Prior to the recent activity, these addresses had been idle for several months.

A large portion of the 7,749 ETH, worth about $13 million, was used for the THORChain router and Railgun contracts. In addition, the exploiter conducted a swap involving 2,500 ETH, worth about $4.19 million, which was converted into 153.4 tBTC at an average price of $27,281 per token.

In the first hack on Saturday, September 30, approximately 50,000 ETH was lost.

FTX Exploiter 0x3e9 moved a total of 10,250 $ETH ($171K) via 5 addresses in the last 24 hours: - Sent 7,749 $ETH ($13M) to Thorchain router and Railgun contracts - Swapped 2,500 $ETH ($4.19M) for 153.4 $tBTC at an average price of $27,281 Notably, the address is… https://t.co/xzmDz8Vmma pic.twitter.com/4Ykp0zih6G

— Spot on Chain (@spotonchain) October 1, 2023

The hack comes as the market anticipates the launch of an Ethereum futures ETF on Monday, October 2.

The trial of FTX co-founder Sam Bankman-Fried is also set to begin in October.

The trial is expected to last six weeks, beginning with jury selection on Oct. 3, followed by preliminary court proceedings on Oct. 4. Bankman-Fried faces seven charges related to the fraudulent activity, including two substantive charges and five conspiracy charges.

Related: Valkyrie backtracks on Ether futures contract purchases until ETF launch

The FTX founder has pleaded not guilty to all charges. Bankman-Fried remains in custody despite multiple attempts to obtain a temporary release. Judge Lewis Kaplan denied his most recent request for release, citing concerns that he might flee.

Magazine: Can You Trust Crypto Exchanges After FTX Collapse?

Author: Deepchain DCNews

Compiled by: Sister Shen

Twitter: DeepChain

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