The wallet associated with the hack of the bankrupt FTX exchange moved about $38 million in Ethereum (ETH) since it became active during the weekend. On-chain data shows that the attacker first transferred 6,250 ETH, worth $10.46 million, in three transactions through privacy tools like RailGun and THORChain. On Oct. 1, the attacker continued the transaction trend, moving about 12,250 ETH in two transactions via THORChain. Additionally, the attacker exchanged 2,500 ETH, worth roughly $4.19 million, for 153.4 tBTC at an average price of $27,281 per token.The FTX attacker still holds digital assets worth $287 million, including 163,249 units of ETH and 3.9 million USDT. This has caused concern in the crypto community that the fund movement could impede an upward movement of ETH’s price as it would increase the selling pressure in the market. Despite this, ETH’s price has jumped by 2.5% to $1,722.31 as of press time.

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Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	9
People	None
Companies	RailGun, Arkham Intelligence, THORChain, SpotOnChain, USDT
Currencies	Railgun, Ethereum, THORChain, Bitcoin, Tether
Securities	None