Hacker Stole $23M — But Lost Nearly $7M Trading
Hacking skills don’t always translate into trading talent. A user linked to crypto thefts and laundering through THORChain and Chainflip managed to acquire around $23.7 million in ETH. However, in an attempt to play the market, the hacker sold the tokens at $1,932 and later bought them back at a higher price — $2,495 — losing $6.9 million in the process.
The blunder didn’t go unnoticed by the community: some mocked the failed trader, while others pointed out that since the funds were stolen, it’s not like he really lost anything.
