Ethereum Price Spike Fuels Crypto Attacks as Attackers Profit from Stolen Assets

A recent surge in Ethereum’s (ETH) price, reaching an impressive $4,780, has attracted cybercriminals seeking to exploit this opportunity for substantial profits. On-chain data reveals instances where perpetrators of at least three major attacks capitalized on the rising market prices. These high returns have reignited discussions about security vulnerabilities and their implications within the cryptocurrency sector.