FTX hacker starts to dump ETH, markets could suffer

FlavienNovember 21, 2022

Less than a minute

FTX hacker starts to dump ETH, markets could suffer

The author of the FTX hack, who is reportedly close to FTX, has started to dump large amounts of ETH, estimated to $223 million. As the 34th largest balance on the Ethereum network, the sale of the funds hacked could provoke further downside on the market, which has already suffered greatly from the fall of Terra, 3AC, FTX and possibly now Genesis.

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Flavien

Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.