On Saturday, September 30, 2023, nearly a year after the FTX hack compromised $600 million worth of tokens, on-chain data revealed recent activity from the perpetrator’s wallet, identified as 0x3e957. The incident occurred amid the launch of an Ethereum-based ETF in the United States.
Based on the chain data From Spot On Chain, the attacker recently launched their address after a long period of time. Currently, the wallet contains $16.75 million worth of Ethereum (ETH).
FTX exploiter 0x3e957 just moved 2500 $ETH ($4.2 million) to new address
This is the first time the address has been active since it was hacked 10 months ago. The address remains 12.5K $ETH
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— Spot On Chain (@spotonchain) September 30, 2023
related: Valkyrie cancels purchase of Ethereum futures contracts ahead of ETF launch
Data reveals two transactions by exploiter moved 2,500 ETH, each worth $4 million. Transfers like this are often associated with selling activity and can impact the price of ETH and impact smaller investors. Furthermore, with various Ethereum exchange-traded funds (ETFs) launching in the United States, the price of Ethereum may soon enter a bullish trend.
Several companies are awaiting approval from the U.S. Securities and Exchange Commission (SEC), which may expedite approval of up to nine ETF products on October 2.
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