FTX hacker strikes $4.2m price of ETH after months of inactivity

Crypto.information – The notorious FTX exploiter with handle 0x3e957 has resurfaced.

After 10 months of inactivity, the hacker that masterminded the multi-million greenback FTX heist transferred 2,500 ETH, equal to $4.2 million, from their dormant handle.

This marks the primary exercise from the handle because the notorious hack virtually a yr in the past. In accordance with blockchain analytics platform Spotonchain, the handle 0x3e957 nonetheless holds a considerable 12.5K ETH.

The attacker now reportedly controls a staggering 180,735 ETH throughout 13 addresses, totaling an approximate worth of $302.5 million.

Sam Bankman-Fried’s trial looms

Virtually a yr after the collapse of FTX, founder Sam Bankman-Fried faces an imminent trial. The proceedings are set to start on Oct. 3, extending for not less than 21 days till Nov. 9.

Throughout this era, Bankman-Fried will stay in custody at a Brooklyn jail, the place he was detained on Aug. 11. He faces seven counts of fraud, with investigators asserting that he unlawfully seized the property of FTX shoppers.

Whereas Bankman-Fried pleads not responsible, the allegations gasoline an already intense authorized drama surrounding the destiny of FTX.

FTX alleged Bankman-Fried’s dad and mom, Joseph Bankman and Barbara Fried, of exploiting their positions inside the firm to build up wealth illicitly, actions believed to have performed a major position within the firm’s downfall. This case challenges SBF’s earlier statements, suggesting that his dad and mom have been deeply concerned in FTX’s operations proper from the start.

The court docket submitting additionally incorporates particulars a few wage dispute inside FTX. Initially supplied $200,000 yearly, Joseph Bankman sought $1 million in annual compensation for his contributions to the corporate. This revelation sheds gentle on the intricate monetary dynamics inside FTX main as much as its chapter.

FTX token (FTT) value evaluation

The worth of the FTX token, FTT, has skilled a notable decline because the fall of the SBF empire. At present, FTT is valued at $1.12, with a 24-hour buying and selling quantity of $13,191,466.79.

This marks an over -98% lower from its all-time excessive, which was achieved in September 2021. Nevertheless, there’s a silver lining, as FTT has proven a 7% improve up to now 14 days, information from CoinGecko reveals.

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