{"id":30371,"date":"2023-10-01T14:52:58","date_gmt":"2023-10-01T18:52:58","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=30371"},"modified":"2023-10-01T14:52:58","modified_gmt":"2023-10-01T18:52:58","slug":"ftx-exploiter-executes-ongoing-funds-exodus-moves-17-million-in-eth-in-one-day","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/10\/01\/ftx-exploiter-executes-ongoing-funds-exodus-moves-17-million-in-eth-in-one-day\/","title":{"rendered":"FTX Exploiter Executes Ongoing Funds Exodus, Moves $17 Million In ETH In One Day"},"content":{"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<\/a>, some 5,000 ETH (equivalent to $8.2 million) was transferred from the flagged address (identified as 0x3e9) to new addresses on Saturday.<\/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.<\/p>\n

FTX Exploiter To Keep Moving Stolen Funds, Spot On Chain Speculates<\/strong><\/h2>\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<\/p>\n

According to an on-chain revelation<\/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.<\/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.<\/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.<\/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

\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

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.<\/p>\n

There have been speculations that the exploiter might be looking to dump<\/a> their tokens should the ETH price rally after futures ETFs are greenlighted.\u00a0<\/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.<\/p>\n

Ethereum Price Overview<\/strong><\/h2>\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.<\/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.<\/p>\n

Nevertheless, Ethereum<\/a> remains the second-largest cryptocurrency, with a market cap exceeding $200 billion.<\/p>","protected":false},"excerpt":{"rendered":"

<\/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 earlier reported<\/a>, some 5,000 ETH (equivalent to $8.2 million) was transferred from the flagged address (identified as 0x3e9) to new addresses on Saturday.<\/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.<\/p>\n

FTX Exploiter To Keep Moving Stolen Funds, Spot On Chain Speculates<\/strong><\/h2>\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<\/p>\n

According to an on-chain revelation<\/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.<\/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.<\/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.<\/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

\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

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.<\/p>\n

There have been speculations that the exploiter might be looking to dump<\/a> their tokens should the ETH price rally after futures ETFs are greenlighted.\u00a0<\/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.<\/p>\n

Ethereum Price Overview<\/strong><\/h2>\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.<\/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.<\/p>\n

Nevertheless, Ethereum<\/a> remains the second-largest cryptocurrency, with a market cap exceeding $200 billion.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-30371","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/30371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=30371"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/30371\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=30371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=30371"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=30371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}