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According to recent information from Spot On Chain, an address linked to the FTX exploit identified as 0x3e9, has conducted transfers exceeding 10,000 Ether (ETH<\/a>), worth roughly $17 million, across five different addresses since Sept. 30. The addresses had remained inactive for several months before the recent activity.<\/p>\n A significant portion of the 7,749 ETH, worth roughly $13 million, was directed toward the THORChain router and Railgun contract.\u00a0Furthermore, the exploiter engaged in a swap involving 2,500 ETH, worth around $4.19 million, converting it into 153.4 tBTC at an average price of $27,281 per token.<\/p>\n At the time of the initial hack on Saturday, Sept. 30,\u00a0approximate losses amounted to nearly 50,000 ETH<\/a>.<\/p>\n FTX Exploiter 0x3e9 has transferred out a total of 10,250 $ETH<\/a> ($17.1M) via 5 addresses over the past 24 hours:<\/p>\n – sent 7,749 $ETH<\/a> ($13M) to the Thorchain router and Railgun contract<\/p>\n – swapped 2,500 $ETH<\/a> ($4.19M) to 153.4 $tBTC<\/a> at $27,281 on avg<\/p>\n Notably, the address has been\u2026 https:\/\/t.co\/xzmDz8Vmma<\/a> pic.twitter.com\/4Ykp0zih6G<\/a><\/p>\n \u2014 Spot On Chain (@spotonchain) October 1, 2023<\/a><\/p><\/blockquote>\n The hack comes as the market anticipates the launch of Ethereum futures ETFs<\/a> on Monday, Oct. 2.<\/p>\n The trial of FTX co-founder Sam Bankman-Fried is also set to begin in October.<\/p>\n The trial is expected to last six weeks, beginning with jury selection on Oct. 3, followed by initial court proceedings on Oct. 4. Bankman-Fried faces seven charges connected to fraudulent activities, comprising two substantive charges and five conspiracy charges.<\/p>\n Related: <\/em><\/strong>Valkyrie backtracks on Ether futures contract purchases until ETF launch<\/em><\/strong><\/a><\/p>\n The FTX founder has pleaded not guilty to all allegations. Despite numerous attempts to secure temporary release<\/a>, Bankman-Fried remains in custody. Judge Lewis Kaplan denied his most recent request for release, citing concerns about the possibility of him fleeing.<\/p>\n Magazine: <\/em><\/strong>Can you trust crypto exchanges after the collapse of FTX?<\/em><\/strong><\/a><\/p>\n<\/div>\n\n