Nearly 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, September 30, 2023. This occurs close to the launch of the ethereum-based ETF. in the U.S.
String based data of Spot On Chain, the exploiter recently activated its address after a prolonged period. Currently, the wallet contains a substantial sum of $16.75 million worth of Ether (eth).
FTX Exploiter 0x3e957 just moved 2500 $eth ($4.2 million) to new addresses
This is the first time the address has been active since the hack 10 months ago. The address still contains 12.5K. $eth
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https://t.co/7LnmryLvhL pic.twitter.com/yl2NnMwaqW
– Spot on chain (@spotonchain) September 30, 2023
The data reveals two transactions in which the exploiter ai/profile?address=0x3e957efc6d1bf1d9141212269cd04855ad92696e” target=”_blank” rel=”noopener nofollow”>moved 2,500 eth, each valued at $4 million. Transfers like this are often tied to selling activity, potentially affecting the price of eth and impacting smaller investors. Furthermore, the price of eth could soon enter an uptrend with the launch of various ethereum exchange-traded funds (ETFs) in the United States.
The introduction of ethereum-based ETFs by several companies on October 2, 2023 marks another potential factor influencing the price of eth. If all goes as planned and the US Securities and Exchange Commission (SEC) grants accelerated approval for up to nine ETF products on that date, it could have a significant impact.
Related: Valkyrie backs off purchases of Ether futures contracts until ETF launch
At the same time, the looming risk of a US government shutdown may pose a potential threat to bitcoin (btc) prices due to its adverse effects on the banking sector.
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