FTX exchange had filed for bankruptcy after a $600 million drain on November 11, 2022. Immediately after this event,  also FTX’s general counsel, Ryne Miller, issued a warning about a malicious software attack, providing information to traders.

The crypto wallet address associated with the FTX hacker, moved $36.8 million worth of Ether in the last 24 hours while former FTX CEO Sam Bankman-Fried‘s (SBF) court hearings were ongoing. FTX’s bankruptcy filing and the subsequent $600 million fund transfer had caused a significant stir in the crypto world.

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Yesterday’s Ether transfer occurred from four addresses between September 30 and October 1, according to Spot On Chain data. Additionally a total of 10,250 ETH worth $17.1 million were transferred, indicating that the FTX exploiter had started utilizing the stolen funds.

The exploiter initially held 175,496 ETH ($294 million); however, the recent transfers reduced the portfolio to $196.014 million. The FTX hacker transferred a total of 67,500 ETH across five of their 15 wallet addresses.

The FTX exploiter directed a substantial portion of the transfers, moving 64,948 ETH ($108 million) to the THORchain router and 52 ETH ($84,000) to the Railgun contract. Furthermore, they swapped the remaining 2,500 ETH ($4.19 million) with Bitcoin (tBTC).

The arguments presented during the second day of the trial where the Department of Justice accused SBF of misleading investors on the platform, and the defense team’s efforts to explain Bankman-Fried’s role have sparked a major debate in the crypto world.

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According to data from Arkham Intelligence, the FTX hacker, who owns over $300 million in assets, first moved on September 30th, 10 months later. The address still owns 12.5K ETH. A total of $8 million was transferred on September 30 through the Railgun privacy wallet and Thorchain.

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Arkham’s data revealed two transactions in which the hacker transferred 2,500 ETH, each transaction was worth $4 million. The FTX breach occurred on November 11, 2022, shortly after FTX filed for bankruptcy and following the departure of its founder, Sam Bankman-Fried.

During this incident, the unknown attacker managed to leak over $600 million worth of Ether, briefly becoming the 35th largest holder of Ethereum.

Initially, the hacker deposited the stolen coins into CoinMixer, an anonymous Bitcoin mixing service designed to make it difficult to track on-chain Bitcoin transfers.

To further obfuscate the tracking of funds, the asset chose various swaps and bridge transfers.

Following the event, famous on-chain detective ZackXBT speculated that after withdrawing from the mixer, the hacker likely transferred these funds to the crypto exchange OKX.

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