The FTX Token is priced at $1.16 USD and has a 24-hour trading volume of $21,831,233 USD. Over the past 24 hours, FTX Token has increased by 2.16%.

It currently ranks #216 on CoinMarketCap with a live market cap of USD 382,502,201. The circulating supply of FTT coins is 328,895,104, with a max collection of 352,170,015 FTT coins.

An address linked to the FTX exploiter has recently become active after ten months of inactivity, as reported by an on-chain report on September 30th. The flagged address, 0x3e9, transferred 5,000 ETH (equivalent to $8.2 million) to new addresses on the same day.

However, according to Spot On Chain, the FTX exploiter has moved over $17 million worth of Ether tokens in the past 24 hours.

FTX Exploiter Allegedly Moving Stolen Funds, According to Speculation on Chain

The defunct FTX exchange suffered a significant hack shortly after declaring bankruptcy, resulting in over $600 million loss. Recent on-chain data reveals that the attacker has been transferring large amounts of their loot, with a total of 10,250 ETH (worth approximately $17.2 million) spread across five addresses.

Notably, a significant portion of the funds, 7,749 ETH (equivalent to around $13 million), was moved to the Thorchain router and Railgun contract, known for their privacy features in the DeFi space. Over the past day, the attacker has executed swap transactions involving 2,500 ETH (worth roughly $4.19 million),

Converting them to 153.4 tBTC at an average price of $27,281. It is speculated that the movement of funds may be related to the potential approval of Ether futures ETFs in the US. However, there is no concrete evidence to support this theory.

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FTT/USD price chart – source: trading view

There are concerns that the attacker may dump their tokens if the price of ETH rallies after the approval of futures ETFs. Observers will likely monitor the address for further activity, especially since Spot On Chain has suggested that the attacker may continue to transfer ETH.

Understanding the Current State of Ethereum Price: An Overview

In September, the Ethereum price faced challenges but ended the month positively. This positive momentum has continued into October, with a 0.6% increase in the past day, bringing it close to the $1,700 mark. The value of ETH has risen almost 6% in the past week, showing signs of recovery.

However, there has been a recent drop in market activity, with a nearly 4% decline in daily trading volume, according to CoinGecko data. Despite this, Ethereum remains the second-largest cryptocurrency, with a market cap of over $200 billion.

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