After around 10 months of silence, the FTX exploiter started draining the stolen funds, starting with a transfer of 10,250 ether worth $17.1 million via four addresses between September 30 and October 1, according to Spot On Chain

The crypto wallet address linked to the FTX exploiter moved around $36.8 million worth of Ether during the past 24 hours amid the ongoing court trials of the collapsed crypto exchange’s former CEO, Sam Bankman-Fried.

Accounts linked to FTX and FTX.US were drained of $600 million on November 11, 2022, hours after the crypto exchange had filed for Chapter 11 bankruptcy. At the time, FTX general counsel Ryne Miller informed traders about the hack caused by malware.

FTX has been hacked. Chat is open. Please do not go to the FTX site, as it might download Trojans. Note that some funds were retrieved, Miller said.

After around 10 months of silence, the FTX exploiter started draining the stolen funds, starting with a transfer of 10,250 ether worth $17.1 million via four addresses between September 30 and October 1, according to data from Spot On Chain.

The exploiter initially held 175,496 ether ($294 million). Nevertheless, the current balance in their portfolio has come down to $196.014 million.

Since September 30, a total of 67,500 ether has been transferred out of five out of the 15 wallet addresses linked to the FTX exploiter.

Out of the lot, 64,948 ether ($108 million) was transferred through the THORchain router and 52 ether (worth $84,000) to the Railgun contract. The rest of the 2,500 ether ($4.19 million) was swapped for Bitcoin (tBTC).

The trial of Bankman-Fried in connection with the failure of FTX started on October 3. SBF has pleaded not guilty to all seven counts of fraud and money laundering charges.

On the second day of the trial, the Department of Justice and Bankman-Fried’s defence team provided their statements in front of the jury. While the Department of Justice continues to focus its arguments on Bankman-Fried’s alleged role in deceiving investors on the platform, the defence contended about SBF being a young entrepreneur who made business decisions that “did not work out.”