The data exposes two $4 million transactions in which the exploiter moved 2,500 ETH each.
On-chain data showed recent activity in the hacker’s wallet, known as 0x3e957, on Saturday, September 30, 2023, almost a year after the FTX breach of $600 million in tokens. This is taking place just before an Ethereum-based ETF is introduced in the US.
According to Spot On Chain’s on-chain statistics, the exploiter just recently reactivated their address after a lengthy inactive period. The wallet now has a sizeable amount of $16.75 million in ether.
The data exposes two $4 million transactions in which the exploiter moved 2,500 ETH each. Such transfers sometimes involve selling activity, which could alter the price of ETH and have an effect on smaller investors. With the introduction of different Ethereum exchange-traded funds (ETFs) in the US, the price of ETH may also soon go into a bullish trend.
The U.S. Securities and Exchange Commission (SEC), which could expedite approval for up to nine ETF products on October, has several companies waiting for its permission.