The FBI has now named the group it says was behind the $6.3B exploit, a state linked unit it calls TraderTraitor. Reuters and CoinDesk both carry it.
What matters for us traders is where the coins are going.
FBI says the funds were mostly swapped into $ETH and it flagged 600+ wallet addresses, asking DeFi apps, swap services and node operators to block them. Binance says around $3B has been located or frozen with partners.
So far the market is shrugging it off. ETH sitting near 2269 and $BNB around 715, up on the day. Big ETH selling from those wallets is the one thing I'd keep an eye on this week.
What matters for us traders is where the coins are going.
FBI says the funds were mostly swapped into $ETH and it flagged 600+ wallet addresses, asking DeFi apps, swap services and node operators to block them. Binance says around $3B has been located or frozen with partners.
So far the market is shrugging it off. ETH sitting near 2269 and $BNB around 715, up on the day. Big ETH selling from those wallets is the one thing I'd keep an eye on this week.
