Hacker Invests $29M in ETH After Previous $8.88M Loss
On-chain data reveals the hacker sold 2,000 ETH at a loss, with over 5,000 ETH still held at an unrealized deficit exceeding $800,000.
ETH
Summary
An on-chain analyst reported that a hacker, who had previously lost $8.88 million trading Ethereum and later purchased 7,126.74 ETH for $29.03 million at $4,020 each, sold 2,000 ETH at $3,805 for $7.61 million—realizing a $430,000 loss. The hacker retains 5,126.74 ETH, which currently bear an unrealized loss of approximately $821,000, indicating substantial ongoing exposure to ETH price declines.
Terms & Concepts
- On-chain Data: Information recorded directly on a blockchain, providing transparent and verifiable transaction details.
- ETH (Ethereum): A cryptocurrency and blockchain platform known for supporting smart contracts and decentralized applications.