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.
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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.
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