Today, almost a year after the FTX attack stole $600 million in tokens, on-chain data reveals recent activity in the perpetrator’s wallet, identified as 0x3e957. The story is approaching the launch of an Ethereum-based ETF in the United States.
Based on on-chain data Point in the Chain, the abuser reportedly recently reactivated his address after a long period of time. Right now, The wallet contains a significant amount of Ether worth $16.75 million (ETH).
FTX attacker 0x3e957 just moved $2,500 ($4.2 million) to new addresses.
The address is active for the first time since the attack 10 months ago. The address still contains $12,500 ETH
FTX Exploiter 0x3e957 just ported to 2500 $ETH ($4.2 million) to new addresses
The address is active for the first time since the attack 10 months ago. The address still holds 12.5K $ETH
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— Spot On Chain (@spotonchain) September 30, 2023
The data reports two actions taken by the exploiter 2,500 ETH movedEach is worth $4 million. Such transfers are often linked to selling activity, which can impact the price of ETH and impact smaller investors. Besides, ETH price may soon enter an uptrend with the launch of various exchange-traded funds (ETFs) Ethereum in the United States.
Many companies are awaiting approval from the U.S. Securities and Exchange Commission (SEC), which could grant emergency approval for up to nine ETF products on October 2.
Translation by Walter Rizzo