Crypto wallet addresses linked to the FTX exploit moved approximately $36.8 million worth of ether (ETH) in the past 24 hours, when the defunct cryptocurrency exchange’s former CEO Sam Bankman-Fried (SBF ) is undergoing a court trial. It is reported that FTX was attacked by a hacker on November 11, 2022, and US$600 million was stolen.
After nearly 10 months of silence, the FTX exploiters began pumping out the stolen funds, starting with 10,250 ETH worth $17.1 million transferred through four addresses between September 30 and October 1. Since September 30, a total of 67,500 ETH has been transferred from five of the 15 wallet addresses associated with the FTX exploiter. Of this amount, 64,948 ETH ($108 million) was transferred through the THORchain router and 52 ETH (valued at $84,000) was transferred to the Railgun contract. The remaining 2,500 ETH ($4.19 million) was exchanged for Bitcoin (tBTC).
Meanwhile, the SBF trial related to the FTX collapse began on October 3. The entrepreneur has pleaded not guilty to all seven charges of fraud and money laundering.