As per the latest data provided by Spot On Chain, an FTX exploiter address 0x3e9 has transferred a total of over 10,000 ETH worth over $17.1 million via five addresses over the last 24 hours. Reportedly, the exploiter has activated these addresses for the first time in the past few months.<\/p>\n
Among these transactions, 7,749 ETH, amounting to $13 million USD, was sent to the Thorchain router and Railgun contract. Additionally, the exploiter executed a swap involving 2,500 ETH, valued at $4.19 million USD, converting it into 153.4 tBTC at an average rate of $27,281 per token. This address has displayed notable activity since becoming active and is expected to continue transferring ETH, likely to Thorchain.<\/p>\n
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\n\ud83d\udea8 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
\u2013 sent 7,749 $ETH<\/a> ($13M) to the Thorchain router and Railgun contract<\/p>\n
\u2013 swapped 2,500 $ETH<\/a> ($4.19M) to 153.4 $tBTC<\/a> at $27,281 on avg<\/p>\n
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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>\n<\/blockquote>\n
When the hack originally occurred on Saturday, September 30, the estimated losses<\/a> were nearly 50,000 ETH. The development happened just a few days before SBF\u2019s criminal trial in the month of October 2023.<\/p>\n
However, these developments have created much of the selling pressure on the ETH price. The ETH price hovers above the $1,650 level amid the expectation of Ethereum futures ETFs<\/a> coming on Monday, October 2.<\/p>\n
FTX Co-founder\u2019s Criminal Trial<\/h3>\n
<\/p>\n
FTX co-founder SBF, also known as Sam Bankman-Fried, is set to face his criminal trial in October, following several months since his arrest in The Bahamas and subsequent extradition to the United States.<\/p>\n
The trial is anticipated to span six weeks, commencing with jury selection on October 3, followed by the first court hearing on October 4. Bankman-Fried is confronted with seven charges related to fraud, including two substantive charges and five conspiracy charges.<\/p>\n
Throughout the legal proceedings, the founder of FTX has maintained his plea of not guilty to all charges. Despite multiple efforts to secure temporary release, Bankman-Fried remains in detention at the Metropolitan Detention Center, with his most recent release request being denied by Judge Lewis Kaplan due to concerns of a potential flight risk.<\/p>\n
However, as we step into Q4 2024, many market analysts are bullish on the crypto market. Historically, Q4 has been a pretty good season for the Bitcoin bulls.<\/p>\n
\nWelcome to Uptober. <\/p>\n
Welcome to Q4, which is leading towards a great quarter, potentially fueled by ETF approvals and the pre-halving rally. <\/p>\n
Potentially #Bitcoin<\/a> to $40,000 is reasonable.<\/p>\n
\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) October 1, 2023<\/a><\/p>\n<\/blockquote>\n
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