Ethereum Hackers Suffer Massive Losses Amid Market Crash

Hackers experienced significant losses after a panicked sale of Ethereum during the recent market downturn. Estimated losses exceed $4.5 million to $5.5 million, highlighting the inherent risk of panic selling in volatile markets. This action was fueled by an increasing number of hacker-linked wallets selling over 8,600 ETH (worth approximately $32.5 million) at low prices. This sudden sales surge amplified market volatility and contributed to a broader crypto liquidation during a period of global economic pressures.