About 2,500 ether ($4 million) tied to FTX’s apparent exploitation during last year’s debacle is moving for the first time in almost a year, publicly available blockchain data shows.
The funds were distributed through multiple transactions. 700 ether sat transferred using the Thorchain Router, a cross-chain bridge with an emphasis on privacy. was 1,200 ether transferred via Railgun, a privacy-focused DeFi wallet that enables shielded transactions. 550 ether remains in another wallet.
The operator still has 12,500 ether ($21 million) in its original wallet.
The identity of the FTX operator remains a mystery
How exactly the money was taken out of FTX and who did it still remains a mystery.
Accounts linked to the collapsed exchange and its US subsidiary were emptied on November 11, 2022, almost immediately after the company filed for bankruptcy protection and disgraced founder Sam Bankman-Fried resigned.
Shortly after the exploit occurred, approximately 21,500 ether ($27 million at the time) was converted into stablecoin DAI.
Bankman-Fried will appear in court next week. He has denied being guilty of all charges.