Pando Rings Hackers Launder 3,500 $ETH ; $ETH May Face Pressure

Pando Rings hackers laundered 3,500 $ETH through Tornado Cash, worth approximately $7.42 million. Binance data shows that the $ETH funding rate is -0.0003% and the long/short ratio is 3.938, signaling a bearish outlook. Exchange balances have changed little, but volatility may increase in the near term. Consider staying on the sidelines and beware of short-term risks.

Data source: Incident monitoring

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