The FTX exploiter has moved roughly $36.8 million worth of Ether ETH in the last 24 hours, amidst the ongoing court trials of the defunct crypto exchange’s ex-CEO Sam Bankman-Fried (SBF). On November 11, 2022, accounts linked to FTX and FTX U.S. were drained off $600 million, hours after the crypto exchange had filed for Chapter 11 bankruptcy. Since September 30, a total of 67,500 ETH has been transferred out of 5 out of the 15 wallet addresses linked to the FTX exploiter. Out of the lot, 64,948 ETH ($108 million) was transferred through Thorchain router and 52 ETH (worth $84,000) to Railgun contract. The remaining 2,500 ETH ($4.19 million) was swapped for Bitcoin (tBTC).The trial of SBF in connection with the collapse of FTX began on October 3. The entrepreneur 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 (DOJ) and SBF’s defense team provided their statements in front of the jury. While the DOJ continues to focus its arguments on SBF’s alleged role in misleading investors on the platform, the defense argued about Bankman-Fried being a young entrepreneur who made business decisions that “didn’t work out.” An on-the-ground report has been released about the truth behind Cuba’s Bitcoin Revolution.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	North America
Countries	🇺🇸 🇨🇺
Sentiment	neutral
Relevance Score	8
People	Ryne Miller, Bankman-Fried, Sam Bankman-Fried, SBF, DOJ
Companies	Railgun, Thorchain, Bitcoin, Department of Justice, FTX
Currencies	Railgun, Ethereum, tBTC, THORChain, Bitcoin
Securities	None