Hackers Bagged the $ETH , But Fumbled the Trade — Down $6.9M

Hackers might be great at breaching protocols, but clearly not at timing the market.

Wallet 0x17E0, believed to be linked to exploiters, received 12,282 #ETH (worth $23.72 million) from #THORChain and Chainflip roughly 3 months ago, which they sold at $1,932.

But just 30 minutes ago, they bought back 4,958 ETH at $2,495, spending $12.37 million — effectively buying high and selling low, and currently sitting on a ~$6.9 million loss.

Sometimes, crime doesn't pay... especially when you can't trade.

Wallet Address:

0x17E0e39da162e17aFC566f835Fe41a5DF56E4EA5