<\/p>\n
According to an on-chain report on Saturday, September 30, an address associated with the FTX exploiter became active for the first time in 10 months. As<\/span> earlier reported<\/span><\/a>, some 5,000 ETH (equivalent to $8.2 million) was transferred from the flagged address (identified as 0x3e9) to new addresses on Saturday.<\/span><\/p>\n However, in the latest development, blockchain data tracker Spot On Chain revealed that the FTX exploiter has moved more than $17 million worth of Ether tokens in the past 24 hours.<\/span><\/p>\n In one of the most significant exploits in the crypto space, the now-defunct FTX exchange fell victim to a hack a few hours after declaring bankruptcy, leading to a loss of more than $600 million.\u00a0<\/span><\/p>\n According to an <\/span>on-chain revelation<\/span><\/a>, the exploiter has been moving huge chunks of their loot in the past 24 hours. The transferred funds have reached a total of 10,250 ETH (worth roughly $17.2 million), spread across five addresses.<\/span><\/p>\n A breakdown by Spot On Chain shows that a significant 7,749 ETH (equivalent to about $13 million) was moved to the Thorchain router and Railgun contract. These two decentralized finance (DeFi) protocols are renowned for their privacy-focused features.<\/span><\/p>\n Within the past day, the FTX exploiter has executed swap transactions involving 2,500 ETH (worth approximately $4.19 million). These funds were converted to 153.4 tBTC (an ERC-20 token standard for Bitcoin) at an average price of $27,281.<\/span><\/p>\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 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 The recent movement of funds by the attacker is believed to be triggered by the highly likely approval of Ether futures ETFs<\/a> in the US. However, there has been no substantial evidence to back up these connections.<\/span><\/p>\n There have been <\/span>speculations that the exploiter might be looking to dump<\/span><\/a> their tokens should the ETH price rally after futures ETFs are greenlighted.\u00a0<\/span><\/p>\n In any case, spectators will probably keep an eye on the address\u2019 activity, especially after Spot On Chain suggested the exploiter may keep transferring ETH.<\/span><\/p>\n The Ethereum price<\/a> showed good strength to end September after largely struggling throughout the month. The cryptocurrency has made a positive start to October, approaching the psychological $1,700 level with a 0.6% rise in the past day.<\/span><\/p>\n The value of ETH has jumped by nearly 6% in the past week, reflecting positive signs of recovery. According to data from CoinGecko, the cryptocurrency has experienced a nearly 4% decline in daily trading volume, representing a recent fall in market activity.<\/span><\/p>\n Nevertheless, Ethereum<\/a> remains the second-largest cryptocurrency, with a market cap exceeding $200 billion.<\/span><\/p>\n<\/p>\n Featured image from iStock, chart from TradingView<\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" According to an on-chain report on Saturday, September 30, an address associated with the FTX exploiter became active for the first time in 10 months. As earlier reported, some 5,000 ETH (equivalent to $8.2 million) was transferred from the flagged address (identified as 0x3e9) to new addresses on Saturday. However, in the latest development, blockchain […]<\/p>\n","protected":false},"author":2,"featured_media":166236,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-166235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/166235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=166235"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/166235\/revisions"}],"predecessor-version":[{"id":166238,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/166235\/revisions\/166238"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/166236"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=166235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=166235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=166235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}FTX Exploiter To Keep Moving Stolen Funds, Spot On Chain Speculates<\/strong><\/h2>\n
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Ethereum Price Overview<\/strong><\/h2>\n
ETHUSDT approaching $1,700 mark on the daily timeframe | Source: ETHUSDT chart on TradingView<\/a><\/pre>\n