The Railgun contract and the THORChain router received a large share of the 7,749 ETH, or over $13 million.
Recent data from Spot On Chain indicates that since September 30, five distinct addresses, including the one associated with the FTX attack and designated as 0x3e9, have carried out transfers totaling 10,000 Ether ETH down $1,685, or over $17 million. The addresses had not been used for a number of months prior to the current activity.
The Railgun contract and the THORChain router received a large share of the 7,749 ETH, or over $13 million. In addition, the hacker exchanged 2,500 ETH, or around $4.19 million, for 153.4 tBTC, with each token trading for an average of $27,281 dollars.
Anticipating Upcoming Crypto Regulations Linked to Bitcoin ETFs
The attack occurs as the market prepares for Monday, October 2, the debut date of Ethereum futures ETFs.
In October, Sam Bankman-Fried, a co-founder of FTX, will also go on trial.
The trial is scheduled to run six weeks, starting on October 3 with jury selection and starting on October 4 with preliminary court hearings. Bankman-Fried is charged with seven crimes relating to fraud, including two substantive offences and five charges of conspiracy.
Crypto Warning: Avoid XRP, DOGE, and SHIB Next Week
The creator of FTX has entered a not guilty plea to all charges. In spite of many efforts to get Bankman-Fried’s temporary release, she is still being held. His most recent plea for freedom was refused by Judge Lewis Kaplan, who cited worries that he would run away.