Almost a year after the FTX hack of $600 million in tokens, on-chain data revealed recent activity in the perpetrator’s wallet, identified as 0x3e957, on Saturday, Sept. 30, 2023. This is occurring closely to the launch of Ethereum-based ETF in the United States.
FTX Exploiter 0x3e957 just moved 2500 $ETH ($4.2M) to new addresses— Spot On Chain (@spotonchain) September 30, 2023
This is the first time the address has been active since the hack 10 months ago. The address still holds 12.5K $ETH
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The data reveals two transactions where the exploiter moved 2,500 ETH, each valued at $4 million. Transfers like this are often linked to selling activity, potentially impacting the price of ETH and affecting smaller investors. Additionally, the price of ETH could enter a bullish trend soon with the launch of the various Ethereum exchange-traded funds (ETFs) in the United States.
Several companies await approval from the U.S. Securities and Exchange Commission (SEC), which may grant accelerated approval for up to nine ETF products on Oct. 2.