todayonchain.com

Hacker panic-sells 9,240 Ether during market crash, incurring $4.56M loss

Crypto Briefing
A hacker panic-sold 9,240 Ether during a market crash, resulting in a $4.56 million loss.

Summary

A hacker, believed to have illicitly obtained crypto assets, panic-sold 9,240 Ether during a recent market crash, incurring a $4.56 million loss on the transaction. This action occurred amidst broader volatility affecting Ethereum and other digital assets. The trading behavior mirrors that of other hackers linked to major exchange thefts, who have shown reactive patterns, sometimes selling during dips and then rebuying during subsequent rebounds, indicating an attempt to swing trade the volatile asset.

(Source:Crypto Briefing)