【Hacker launders 25,700 ETH】
ETH has another weight hanging over it: two months after the funds stolen from Drift went quiet, they started flowing into Tornado Cash today.
There are just 3 things you need to know:
1️⃣ According to Lookonchain, the suspected hacker deposited 25,700 ETH (about $61.56 million) into a mixer within roughly two hours.
2️⃣ They still hold about 81,000 ETH, valued at roughly $194 million by Arkham. That’s the part still hanging over the market.
3️⃣ The funds came from the April 1 attack, which caused losses of about $295 million. Drift said its investigation attributed the attack to a North Korean hacking group.
My take: moving funds into a mixer doesn’t mean they’ll be dumped immediately. It looks more like laundering first, then selling in batches—dampening sentiment in the short term, but not changing the trend. ETH was trading at 2,387 on Binance at 21:31, not far from its 7-day low of 2,318.
If large amounts of ETH later flow from the mixer to exchanges while ETH falls below 2,318, that would mean I was wrong: the selling pressure is coming faster than expected.
Do you think the remaining 80,000 ETH will be sold above 2,300?
Source: Cointelegraph, Lookonchain
#以太坊 #Hacker
📈 Top 3 contract gainers (21:31): $JCT +127.19%｜$BR +38.41%｜$APR +25.83%
#BinanceSquare
⚠️ The above is a compilation of information and personal opinion, not investment advice. DYOR.
ETH has another weight hanging over it: two months after the funds stolen from Drift went quiet, they started flowing into Tornado Cash today.
There are just 3 things you need to know:
1️⃣ According to Lookonchain, the suspected hacker deposited 25,700 ETH (about $61.56 million) into a mixer within roughly two hours.
2️⃣ They still hold about 81,000 ETH, valued at roughly $194 million by Arkham. That’s the part still hanging over the market.
3️⃣ The funds came from the April 1 attack, which caused losses of about $295 million. Drift said its investigation attributed the attack to a North Korean hacking group.
My take: moving funds into a mixer doesn’t mean they’ll be dumped immediately. It looks more like laundering first, then selling in batches—dampening sentiment in the short term, but not changing the trend. ETH was trading at 2,387 on Binance at 21:31, not far from its 7-day low of 2,318.
If large amounts of ETH later flow from the mixer to exchanges while ETH falls below 2,318, that would mean I was wrong: the selling pressure is coming faster than expected.
Do you think the remaining 80,000 ETH will be sold above 2,300?
Source: Cointelegraph, Lookonchain
#以太坊 #Hacker
📈 Top 3 contract gainers (21:31): $JCT +127.19%｜$BR +38.41%｜$APR +25.83%
#BinanceSquare
⚠️ The above is a compilation of information and personal opinion, not investment advice. DYOR.