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 for the reason that notorious hack virtually a 12 months 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 12 months after the collapse of FTX, founder Sam Bankman-Fried faces an imminent trial. The proceedings are set to begin on Oct. 3, extending for no 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 throughout the firm to build up wealth illicitly, actions believed to have performed a major function within the firm’s downfall. This case challenges SBF’s earlier statements, suggesting that his dad and mom had been deeply concerned in FTX’s operations proper from the start.
The courtroom submitting additionally comprises particulars a couple of wage dispute inside FTX. Initially provided $200,000 yearly, Joseph Bankman sought $1 million in annual compensation for his contributions to the corporate. This revelation sheds mild 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 for the reason that fall of the SBF empire. At the moment, 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% enhance previously 14 days, knowledge from CoinGecko exhibits.
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