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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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