An address linked to the FTX exploit, identified as 0x3e9, has recently conducted transfers exceeding 10,000 ETH, valued at more than $17.1 million, across five different addresses. A significant portion of 7,749 ETH, equivalent to $13 million, was directed toward the Thorchain router and Railgun contract. Additionally, the exploiter engaged in a swap involving 2,500 ETH, valued at $4.19 million, converting it into 153.4 tBTC at an average rate of $27,281 per token.At the time of the initial hack on Saturday, Sept. 30, the approximate losses amounted to nearly 50,000 ETH. This incident has caused a significant amount of downward pressure on the ETH price, which currently maintains a level slightly above $1,650.FTX co-founder Sam Bankman-Fried, commonly known as SBF, is scheduled to go to trial in October. He faces a total of seven charges connected to fraudulent activities, comprising two substantive charges and five conspiracy charges. Bankman-Fried has consistently pleaded not guilty to all allegations, but his requests for temporary release have been denied by Judge Lewis Kaplan. His trial is expected to last for six weeks, beginning with the selection of the jury on Oct. 3, followed by the initial court proceedings on Oct. 4.An address linked to the FTX exploit has recently conducted transfers of over 10,000 ETH, valued at more than $17.1 million, across five different addresses. A significant portion of the funds were directed toward the Thorchain router and Railgun contract. Additionally, the exploiter engaged in a swap involving 2,500 ETH, valued at $4.19 million, converting it into 153.4 tBTC.At the time of the initial hack, the approximate losses amounted to nearly 50,000 ETH. This has caused a significant amount of downward pressure on the ETH price, which currently maintains a level slightly above $1,650.FTX co-founder Sam Bankman-Fried is scheduled to go to trial in October. He faces a total of seven charges connected to fraudulent activities and has consistently pleaded not guilty to all allegations. His trial is expected to last for six weeks, beginning with the selection of the jury on Oct. 3, followed by the initial court proceedings on Oct. 4.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | negative |
| Relevance Score | 8 |
| People | Sam Bankman-Fried, Lewis Kaplan |
| Companies | Metropolitan Detention Center, Thorchain, FTX, Valkyrie, SBF |
| Currencies | Bitcoin, tBTC, US Dollar, Ethereum, THORChain |
| Securities | None |
