During Sam Bankman-Fried’s Trial, FTX Exploiter Executes $36.8 Million Ether Transfer

During the week Sam Bankman-Fried’s trial began, it was revealed that a crypto wallet address linked to the FTX hacker carried approximately $36.8 million worth of Ether. Initially holding 175,496 Ether (worth $294 million), the abuser’s current net balance stands at $196.014 million.

On November 11, 2022, just hours after the FTX crypto exchange filed for Chapter 11 bankruptcy, $600 million worth of cryptocurrency was hacked. FTX’s general counsel, Ryne Miller, at the time, issued a statement about the exchange being under attack, warning users not to visit the FTX site and noting that some funds had been lost.

Exploiters’ Ether Movements Accelerated

It was revealed that the unidentified FTX attacker made 10,250 ETH transfers worth a total of $17.1 million between September 30 and October 1, after approximately 10 months of silence, according to Spot On Chain data. According to Cointelegraph, while the initial balance of the abuser was 175,496 ETH ($294 million), after the latest movements, this amount dropped to $196,014 million.

It is known that a total of 67,500 ETH has been transferred through 5 different wallet addresses since September 30. Finally, while the case of SBF, the founder of FTX, was ongoing, it was revealed that the hacker moved Ether worth $ 36 million.

Previous news; FTX Exploit Update: $4 Million in Ether Shifts After Dormancy

The trial of Sam Bankman-Fried, which began in connection with the collapse of FTX, began on October 3. It was noteworthy that the hacker’s last wallet movements started around these dates. Bankman-Fried has denied seven counts of fraud and money laundering. On the second day of the hearing, the Ministry of Justice focused on SBF’s allegations of misleading investors on the platform. In addition, the defense stated that SBF was just a young and inexperienced entrepreneur and made “useless” business decisions.

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