PANews reported on October 13th that, according to on-chain analyst @ai_9684xtpa, an anonymous hacker purchased 8,637 ETH (US$38.01 million) at an average price of US$4,400 on October 2nd. Ten days after holding onto the ETH, they encountered the October 11th flash crash. In a panic, they sold all their tokens at US$3,778, ultimately losing US$5.37 million. This wiped out all of August's revenue.PANews reported on October 13th that, according to on-chain analyst @ai_9684xtpa, an anonymous hacker purchased 8,637 ETH (US$38.01 million) at an average price of US$4,400 on October 2nd. Ten days after holding onto the ETH, they encountered the October 11th flash crash. In a panic, they sold all their tokens at US$3,778, ultimately losing US$5.37 million. This wiped out all of August's revenue.
An anonymous hacker panic-sold 8,637 ETH during the 1011 flash crash, resulting in a loss of $5.37 million.
For feedback or concerns regarding this content, please contact us at [email protected]
PANews reported on October 13th that, according to on-chain analyst @ai_9684xtpa, an anonymous hacker purchased 8,637 ETH (US$38.01 million) at an average price of US$4,400 on October 2nd. Ten days after holding onto the ETH, they encountered the October 11th flash crash. In a panic, they sold all their tokens at US$3,778, ultimately losing US$5.37 million. This wiped out all of August's revenue.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
U.S. Treasury Recognizes Legitimate Uses for Crypto Mixers, Proposes “Hold Law” for Suspicious Assets
Bitcoin Magazine U.S. Treasury Recognizes Legitimate Uses for Crypto Mixers, Proposes “Hold Law” for Suspicious Assets The U.S. Treasury Department told Congress
Share
bitcoinmagazine2026/03/09 22:29
Strategy returns to strong weekly buying with 17,994 BTC
The post Strategy returns to strong weekly buying with 17,994 BTC appeared on BitcoinEthereumNews.com. Strategy performed its biggest weekly purchase since January
Share
BitcoinEthereumNews2026/03/09 21:47
BlockDAG’s $408M Surge and 20+ Exchange Listings Outshine Bitcoin Hyper and PEPENODE in 2025
Explore why BlockDAG’s $408M+ presale, 20+ exchange listings, and massive ecosystem growth position it ahead of Bitcoin Hyper and Pepenode as the best crypto presale opportunity in 2025.
Share
Blockchainreporter2025/09/19 01:00