A hacker allegedly linked to North Korea, the largest Ethereum worldwide $2,732.88 He was among the owners. With a total of 489,000 ETHs, this person holds a wealth worth approximately $ 1.34 billion. This amount corresponds to 0.4 %of the total Ethereum supply, and the hacker is the world’s largest 14th Ethereum owner. However, the movement area is limited due to transfer restrictions and blacklisting of these wallets.
Ethereum presence and follow -up process of hacker
According to market analysts, it is very difficult for the hacker to launder or sell ETHs in his hand. However, decentralized swap platforms and other privacy -oriented vehicles can be used to launch some of these funds. Authorities and Blockchain analysis companies continue to monitor the possible movements of the funds instantly.
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Bybit is taking steps to close the deficit
The big losses suffered by the Bybit stock exchange pushed the company to produce fast solutions. The company states that most of the funds held by the hacker is lost and it is impossible to get back. To compensate for the losses, Bybit received bridge loans from unnamed partners. This loan is expected to cover 80 %of the total losses.
According to Framework Ventures’s founding partner Vance Spencer, the Hacker’s ETH assets create a significant lack of supply in the market. The company still needs 402,000 ETH and seems inevitable to buy from the market in the future. This can directly affect Ethereum prices.
Ethereum prices showed a significant rise in the last 24 hours. ETH, which is $ 2,614 at night hours, rose to $ 2,730. The increase in long positions in continuous futures markets supports the expectation of rise of investors.
Crypto currency markets closely follow the hacker’s wallets and Bybit’s ETH purchases. In the coming period, the impact of these factors on market dynamics will be clearer. For investors, it is critical to analyze price movements and monitor market developments.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and perform their operations in line with their own research.
