Is smart money starting to position itself?
“Estimated stolen assets of $48.6 million exceed the exchange’s figures, and funds continued to move after Mercado Bitcoin was attacked”
After a security incident, I look at three on-chain trends:
· Where the stolen funds go: through mixers or directly to centralized platforms
· Whether the affected protocol sees large withdrawals
· Whether others in the same sector are affected
$ETH 24h trading volume: $771 million, worth keeping an eye on.
“Estimated stolen assets of $48.6 million exceed the exchange’s figures, and funds continued to move after Mercado Bitcoin was attacked”
After a security incident, I look at three on-chain trends:
· Where the stolen funds go: through mixers or directly to centralized platforms
· Whether the affected protocol sees large withdrawals
· Whether others in the same sector are affected
$ETH 24h trading volume: $771 million, worth keeping an eye on.