Crypto wallet addresses associated with the FTX exploiter moved approximately $36.8 million worth of Ether (ETH) in the past 24 hours, as the court trial of the defunct cryptocurrency exchange’s former CEO Sam Bankman-Fried (SBF) proceeds.

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

“FTX has been hacked. Chat is open. Please do not visit the FTX site as it may download a Trojan. Please note that some funds were recovered.

After nearly 10 months of silence, FTX exploiters began siphoning stolen funds, starting with the transfer of 10,250 ETH worth $17.1 million through four addresses between September 30 and October 1, confirming data from Spot On Chain.

The bug initially held 175,496 ETH ($294 million). However, their portfolio has now dropped to a balance of $196.014 million, as shown below.

A total of 67,500 ETH has been moved from 5 of the 15 wallet addresses associated with the FTX exploit since September 30.

Of this, 64,948 ETH ($108 million) was transferred via the THORchain router, 52 ETH (worth $84,000) was transferred to the Railgun contract, and the remaining 2,500 ETH ($4.19 million) was exchanged for Bitcoin (tBTC).

Related: September to be biggest month for cryptocurrency exploits in 2023: CertiK

SBF’s trial in connection with the FTX collapse began on October 3. The entrepreneur pleaded not guilty to all seven counts of fraud and money laundering.

We decided to illustrate the preparations for the @SBF_FTX trial. This is Bankman-Fried's life in the Slammer. From mirror monologues to peanut butter banquets, the fall is real. pic.twitter.com/v73IA6d5l2

— CoinTelegraph (@Cointelegraph) October 3, 2023

On the second day of the trial, the Department of Justice and SBF’s defense team provided their presentations before the jury. While the Department of Justice continued to focus its arguments on SBF’s alleged role in misleading investors on the platform, the defense argued that Bankman-Fried was a young entrepreneur who made business decisions that “did not pan out.”

Read more and stay updated on the latest developments in the SBF-FTX court trial.

Magazine: The Truth Behind Cuba’s Bitcoin Revolution: A Field Report

Author: Deepchain DCNews

Compiled by: Sister Shen

Twitter: DeepChain

Twitter：https://twitter.com/DeepChainUS