The hacker is sitting on 18,270 BTC and 511,859 ETH—at current market prices, that’s a bona fide whale-sized stash. If ETH rises by just 10%, his holdings would instantly gain hundreds of millions of dollars on paper. But this money is also his “death warrant”—the whole world is watching the blockchain. He simply doesn’t dare sell off large amounts right now; any major movement would be flagged immediately. Essentially, this enormous fortune is “locked” on-chain, sitting there as illiquid funds.
Following the logic that “every $100 increase in ETH adds $51.2 million”:
Suppose ETH rockets from its current price all the way to $5,000. The $3.1 billion the hacker has left on paper could swell by nearly another billion dollars from ETH gains alone.
Conversely, if ETH crashes, the speed at which his paper wealth evaporates would be terrifying too.$ETH
Following the logic that “every $100 increase in ETH adds $51.2 million”:
Suppose ETH rockets from its current price all the way to $5,000. The $3.1 billion the hacker has left on paper could swell by nearly another billion dollars from ETH gains alone.
Conversely, if ETH crashes, the speed at which his paper wealth evaporates would be terrifying too.$ETH