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The hacker transferred the stolen cryptocurrency for $38 million before the hearing.
The hacker known as the "FTX Devastator" transferred about $38 million worth of Ethereum over the weekend before the trial of the former head of the failed FTX exchange. On October 3, a hearing will begin against FTX and its former head Sam Bankman-Fried .
Since September 30, the hacker transferred 22,500 ETH using the RailGun and THORChain tools, and also converted 2,500 ETH to 153.4 tBTC. According to Arkham Intelligence, the cybercriminal still owns more than $300 million in assets. Earlier, the FTX exchange said that after declaring bankruptcy, the exchange was robbed of more than $600 million . The incident sparked rumors of possible internal collusion. The crypto community fears that the fraudster's transactions may affect the value of ETH.
Bankman-Fried, who is accused of stealing billions of dollars from clients of the FTX crypto exchange, has still pleaded not guilty to fraud charges. Bankman-Fried is also accused of using investors ' money to fund his own trading company, Alameda Research. FTX owes more than $3 billion to its top 50 creditors, according to court documents.
Recall that on November 11, 2022, the crypto exchange announced its bankruptcy , and the head of the company, Bankman-Fried, resigned. On December 13, he was detained in the Bahamas at the request of the US government, and on December 22, he was extradited to the United States. The US Securities and Exchange Commission is investigating whether the businessman was involved in the actions that led to the liquidity crisis.
The hacker known as the "FTX Devastator" transferred about $38 million worth of Ethereum over the weekend before the trial of the former head of the failed FTX exchange. On October 3, a hearing will begin against FTX and its former head Sam Bankman-Fried .
Since September 30, the hacker transferred 22,500 ETH using the RailGun and THORChain tools, and also converted 2,500 ETH to 153.4 tBTC. According to Arkham Intelligence, the cybercriminal still owns more than $300 million in assets. Earlier, the FTX exchange said that after declaring bankruptcy, the exchange was robbed of more than $600 million . The incident sparked rumors of possible internal collusion. The crypto community fears that the fraudster's transactions may affect the value of ETH.
Bankman-Fried, who is accused of stealing billions of dollars from clients of the FTX crypto exchange, has still pleaded not guilty to fraud charges. Bankman-Fried is also accused of using investors ' money to fund his own trading company, Alameda Research. FTX owes more than $3 billion to its top 50 creditors, according to court documents.
Recall that on November 11, 2022, the crypto exchange announced its bankruptcy , and the head of the company, Bankman-Fried, resigned. On December 13, he was detained in the Bahamas at the request of the US government, and on December 22, he was extradited to the United States. The US Securities and Exchange Commission is investigating whether the businessman was involved in the actions that led to the liquidity crisis.
