FTX exploiter moves $36.8M in Ether as Sam Bankman-Fried trial begins

FTX exploiter moves $36.8M in Ether as Sam Bankman-Fried trial begins

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The Australian info The crypto wallet address connected to the FTX exploiter moved approximately $36.8 million worth of Ether ETH $1,640 in the last 24 hours amidst the continuous court trials of the defunct crypto exchange’s ex-CEO Sam Bankman-Fried (SBF). Accounts connected to FTX and FTX U.S. were drainedpipes off $600 million on Nov. 11, 2022, hours after the crypto exchange had submitted for Chapter 11 personalbankruptcy. At the time, FTX basic counsel Ryne Miller notified traders about the hack triggered by malware: “FTX hasactually been hacked. Chat is open. Please puton’t go to the FTX website, as it may download Trojans. Note that some funds were recovered.” After almost 10 months of silence, the FTX exploiter started siphoning out the taken funds, beginning with a transfer of 10,250 ETH worth $17.1 million bymeansof 4 addresses inbetween September 30 and October 1, validates information from Spot On Chain. The exploiter atfirst held 175,496 ETH ($294 million). However, the existing balance in their portfolio hasactually come down to $196.014 million, as revealed listedbelow. Portfolio balance of FTX exploiter. Source: Spot On Chain Since Sept. 30, a overall of 67,500 ETH hasactually been moved out of 5 out of the 15 wallet addresses connected to the FTX exploiter. FTX exploiter transfe
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