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Hackers Lose $3.7 Million in a Week by Selling ETH
The horror movie for every trader: buy at the top and sell at the bottom. Two wallets suspected of being linked to hackers just pulled off exactly that.
According to on-chain data, these wallets bought 5,480 ETH a week ago at an average of $3,735 each. It sounded good at the time. But yesterday, with the market in a downturn, they liquidated everything for roughly $20.47 million.
The details:
In just 7 days, these “cybersecurity experts” managed to burn nearly $4 million. Some say it was due to market pressure. Others speculate it was a money laundering move. What’s clear is that even hackers aren’t immune to the pump-and-dump game — not even with access to other people’s wallets.