The Infamous FTX Exploiter Resurfaces
After a period of 10 months of inactivity, the hacker responsible for the multi-million dollar FTX heist has returned. Address 0x3e957 transferred 2,500 ETH, equivalent to $4.2 million, from their dormant address.
In addition to this development, court filings have revealed a salary dispute within FTX. Joseph Bankman initially received an offer of $200,000 per year but sought $1 million annually for his contributions to the company. This revelation provides insight into the complex financial dynamics leading up to FTX’s bankruptcy.
FTX Token (FTT) Price Analysis
The price of the FTX token, FTT, has seen a significant decline following the downfall of the SBF empire. Currently valued at $1.12, with a 24-hour trading volume of $13,191,466.79, FTT has experienced a decrease of over 98% from its all-time high in September 2021. However, there is some positive news as FTT has shown a 7% increase in the past 14 days according to data from CoinGecko.
Hot Take: The Return of the FTX Exploiter Raises Concerns
The reappearance of the FTX exploiter raises concerns about security and trust within the cryptocurrency community. It highlights the ongoing challenges faced by exchanges and platforms in protecting user funds.
The resurfacing of the hacker also serves as a reminder that cybersecurity remains a critical issue in the crypto space. It underscores the need for robust security measures and constant vigilance to safeguard digital assets and maintain investor confidence.
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