On September 30, 2023, nearly a year after the FTX hack that resulted in losses of $600 million in tokens, on-chain data revealed recent activity in the wallet associated with the attacker, known as 0x3e957. This development coincided with the launch of an Ethereum-based ETF in the United States.
According to data from Spot On Chain, the attacker recently made transactions from their wallet after a long period of dormancy. Currently, the wallet holds approximately $16.75 million worth of Ethereum. The data shows that the attacker moved 2,500 ETH in two transactions, each valued at $4 million. Such transfers are often linked to selling activities and can impact the price of ETH, affecting smaller investors. Additionally, with several Ethereum exchange-traded funds (ETFs) in the approval pipeline with the U.S. Securities and Exchange Commission (SEC), the price of Ethereum may soon experience a bullish trend.
