Recent Activity in FTX Hacker's Wallet
Almost a year after the FTX hack of $600 million in tokens, there has been some recent activity in the perpetrator's wallet, known as 0x3e957. On Saturday, Sept. 30, 2023, on-chain data revealed that the wallet was activated. Furthermore, it now contains an impressive sum of $16.75 million worth of Ether (ETH).
Potential Impact on ETH Price and Investors
The data indicates that the exploiter made two transactions, each involving 2,500 ETH valued at $4 million. Such transfers are often associated with selling activity, which could have repercussions on the price of ETH and the interests of smaller investors. However, it's worth noting that the launch of Ethereum exchange-traded funds (ETFs) in the United States could create a bullish trend for ETH.
Approval Awaited for Ethereum ETFs
Several companies are currently waiting for approval from the U.S. Securities and Exchange Commission (SEC) for up to nine ETF products. If granted accelerated approval on Oct. 2, these ETFs could have a significant impact on the overall market sentiment towards Ethereum.
Potential Threat to BTC Prices
In addition to the ETH-related developments, there is a looming risk of a U.S. government shutdown. This shutdown could pose a potential threat to Bitcoin (BTC) prices due to its adverse effects on the banking sector.
