Difference between Web 1.0, 2.0, 3.0 and 4.0
The crypto wallet address associated with the FTX exploiter shifted approximately $36.8 million in Ether (ETH) in the past 24 hours amid the ongoing court proceedings of the defunct crypto exchange’s ex-CEO, Sam Bankman-Fried (SBF).
Accounts related to FTX and FTX.US were drained of $600 million on Nov. 11, 2022, shortly after the crypto exchange had applied for Chapter 11 bankruptcy. At the time, FTX general counsel Ryne Miller informed traders about the hack caused by malware:
Following almost 10 months of silence, the FTX exploiter started siphoning out the stolen funds, beginning with a transfer of 10,250 ETH worth $17.1 million through four addresses between Sept. 30 and Oct. 1, as confirmed by Spot On Chain.
The exploiter initially held 175,496 ETH ($294 million). However, the current balance in their portfolio has decreased to $196.014 million, as displayed below.
Difference between Web 1.0, 2.0, 3.0 and 4.0
Since September 30, a total of 67,500 ETH has been transferred out of five out of the 15 wallet addresses linked to the FTX exploiter. Of that amount, 64,948 ETH ($108 million) was transferred through the THORchain router and 52 ETH (worth $84,000) was sent to the Railgun contract. The remaining 2,500 ETH ($4.19 million) was swapped for Bitcoin (tBTC).
The trial of SBF in connection with the collapse of FTX began on October 3. SBF has pleaded not guilty to all seven counts of fraud and money laundering charges. During the trial, the Department of Justice and SBF’s defense team presented their statements to the jury. The DOJ is still focusing its arguments on SBF’s alleged role in misleading investors on the platform, while the defense has argued that Bankman-Fried is a young entrepreneur who made business decisions that “didn’t work out”.
When discussing the differences between Web 1.0, 2.0, 3.0 and 4.0, it is important to note that Web 1.0 is the first generation of the World Wide Web, which was characterized by static websites and limited user interaction. Web 2.0 is the second generation of the World Wide Web, which is characterized by dynamic websites, user-generated content and increased interactivity. Web 3.0 is the third generation of the World Wide Web, which is characterized by increased personalization, semantic search and the use of artificial intelligence. Finally, Web 4.0 is the fourth generation of the World Wide Web, which is characterized by the emergence of the metaverse, virtual reality and augmented reality.
Stay informed about the recent progress of the SBF–FTX court trials by reading more.
Understand the distinctions between web 1.0, 2.0, 3.0 and 4.0, web 3.0 and the metaverse, web 2.0 and 3.0, and general AI.
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