Panic Selling by Hackers Drains $3.7 Million From Ethereum

A recent sell-off triggered by suspected hacker activity has resulted in a significant loss for the Ethereum (ETH) market. Two wallets linked to hackers reportedly sold 5,480 ETH worth approximately $20.47 million following a steep market downturn. This mass sale resulted in a realized loss of $3.7 million, significantly impacting ETH prices and triggering broader concerns about security vulnerabilities within the crypto space.