Is the FTX hacker using the Sam Bankman-Fried (SBF) trial as a distraction? New claims from analysis firm CertiK suggest exactly that. While the administrators of the FTX estate have remained largely silent on their efforts to recover lost funds, with Bankman-Fried’s fraud trial due to begin on Tuesday, the timing is raising eyebrows. Could the chaos surrounding the trial be providing cover for the individual responsible for one of the largest crypto heists in history?

According to crypto analysis group CertiK's director of security operations, Hugh Brooks, the FTX hacker who stole around $400 million from FTX and FTX.US in November, might be leveraging the media frenzy surrounding the SBF trial to obscure their activities. The hacker suspected of stealing over $400 million from FTX may be using the SBF's trial as a distraction to hide their further actions.

The FTX hack, which occurred shortly after the exchange's collapse, sent shockwaves through the crypto community. The hacker responsible for stealing over $400 million from FTX and FTX.US in November could be using the hype around Sam Bankman-Fried’s fraud trial to further complicate recovery efforts and potentially move stolen funds with less scrutiny.

The FTX estate recovery remains a complex and challenging process. CoinDesk has combed through recent reporting, court documents and transcripts to find the biggest highlights of the trial this week, including on how exchange token values are being impacted. However, the potential for the hacker to exploit the trial's media attention adds another layer of complexity to an already intricate situation. Stay tuned for further updates as the SBF trial unfolds and the investigation into the FTX hack continues.