In a startling turn of events, the cryptocurrency community has been buzzing with news of the FTX exploiter, known by their address as 0x3e9, making a dramatic return to the scene after 10 months of dormancy. The exploiter has managed to transfer a total of 10,250 ETH, valued at a staggering $17.1 million, across four different addresses within the past 24 hours, leaving investors and experts alike with raised eyebrows.

Significant Transfers and Swap Activity

Within these recent transactions, a substantial portion of 7,749 ETH, equivalent to a whopping $13 million, found its way into the Thorchain router and Railgun contract. This move has raised questions about the exploiter’s intentions, as Thorchain is a cross-chain, decentralized liquidity protocol that facilitates direct swaps between various layer-1 tokens, including Bitcoin and Ethereum, without the need for intermediaries. The sudden interest in this protocol by the exploiter adds an intriguing layer to this already complex story.

Furthermore, the exploiter engaged in a swap involving 2,500 ETH, valued at $4.19 million. This significant sum was converted into 153.4 tBTC at an average rate of $27,281 per token. Notably, these transactions took place across two addresses, 0x941 and 0x25a, before being sent to the null address 0x000, raising suspicions that the funds might be bridged to the Threshold Network.

Uncertainty Looms

The crypto community is now left wondering whether this latest activity from the FTX exploiter is the final chapter in a saga that has been ongoing since the hack that occurred on Saturday, September 30. During that initial breach, losses amounted to nearly 50,000 ETH, adding to the growing list of crypto heists.

Complicating matters further, this resurgence of the exploiter’s activity is occurring just ahead of SBF’s criminal trial, scheduled for October 2023. The timing raises questions about potential connections between the two events, though nothing has been confirmed as of yet.

A Closer Look at the FTX Exploiter

The FTX exploiter, identified by the address 0x3e957efc6d1bf1d9141212269cd04855ad92696e, is not a newcomer to the crypto scene. They were previously involved in a hack that led to the loss of $300 million last November, with 0x3e9 being the first and only address related to that incident to become active again after a long period of inactivity.

Currently, the FTX exploiter still holds a substantial amount of cryptocurrency, with a total of 175,496 ETH, valued at $294 million, spread across 15 addresses. A significant portion of these holdings, 4,750 ETH (approximately $7.96 million), remains in address 0x3e9.

Source: https://azcoinnews.com/ftx-exploiter-returns-10250-eth-transferred-valued-at-17-1-million.html