Last October, the hacker from Radiant Capital sold 3,603 ETH at an average price of $4,331, exchanging for 15.6 million DAI, and is left with 18,300 ETH + 15.6 million DAI, totaling $100 million.

After the hacker stole $53 million from RDNT and exchanged it for BNB and then ETH, they started selling yesterday. This is reminiscent of the Odin protocol losing 58 BTC, and hackers are becoming more active.

I believe this will increase market panic, but in the long run, it will drive security audits, like monitoring by PeckShield, and future DeFi protocols will be more rigorous.

With $100 million in assets in the hands of the hacker, if they continue to sell, ETH will be under pressure in the short term, but the inflow of $500 million from ETFs will provide a buffer. It is recommended to avoid high-risk projects and focus on blue chips.