The Binance attacker has sold off 7 tokens, exchanging them for a total of 70,480 ETH worth approximately $158 million
The market impact of a security incident usually depends on three things:
1) How large the losses are relative to the project's scale;
2) Whether the stolen funds will be sold off all at once;
3) How quickly the project team responds.
$ETH Current price: 2215.61, 24h: -5.6%. Short-term volatility could easily intensify, so don't blindly buy the dip.
#ETH
The market impact of a security incident usually depends on three things:
1) How large the losses are relative to the project's scale;
2) Whether the stolen funds will be sold off all at once;
3) How quickly the project team responds.
$ETH Current price: 2215.61, 24h: -5.6%. Short-term volatility could easily intensify, so don't blindly buy the dip.
#ETH