Ethereum ETFs launch for the US for the first time, the FTX hacker wallet will wake up
Almost a year after the FTX hack of 600 million dollars in tokens, on-chain data 0x3e957 was revealed as the latest activity in the criminal wallet, Saturday, September 30, 2023. This is happening closely with the launch of ETF based on Ethereum. In America.
Based on on-chain information on Spot on Chain, the exploiter recently activated their address after a long hiatus. The wallet currently holds a whopping $16.75 million worth of Ether (ETH).
FTX Exploiter 0x3e957 has now moved 2500$ETH ($4.2M) to a new address.
This is the first time the address has worked since it was hacked 10 months ago. The address still holds 12.5 thousand $ETH
Follow the next steps on our platform
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— Spot on Chain (@spotonchain) September 30, 2023
Related: Valkyrie Holds Back on Ether Futures Contract Purchases Until ETF Launches
The data shows two transactions in which the exploiter moved 2,500 ETH, each worth $4 million. Such transfers are often associated with selling activity, which can affect the price of ETH and hurt small investors. Additionally, the ETH price may soon enter an uptrend with the launch of various Ethereum exchange-traded funds (ETFs) in the United States.
Several companies are awaiting approval from the US Securities and Exchange Commission (SEC), which could grant accelerated approval to up to nine ETF products on October 2.
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