The attacker Radiant Capital repurchased 4,487 ETH with a total value of 18.64 million DAI, with an average price of about 4,154 USD per ETH.
According to reports from Onchain Lens, this transaction took place on August 20, indicating complex capital withdrawal and reinvestment actions in the cryptocurrency market.
MAIN CONTENT
The attacker Radiant Capital repurchased 4,487 ETH with 18.64 million DAI.
The average purchase price of ETH was about 4,154 USD/ETH.
How much ETH did the attacker Radiant Capital repurchase and what was its value?
The attacker Radiant Capital repurchased a total of 4,487 ETH with a value of 18.64 million DAI, equivalent to an average price of 4,154 USD per ETH. This information has been confirmed by Onchain Lens, a reputable source for tracking on-chain trading activities.
The transaction took place on August 20, showing that the attacker had a strategy for repurchasing large quantities of cryptocurrency amidst strong ETH price volatility. Payment in DAI reflects liquidity and the preference for using stablecoins in large-scale cryptocurrency transactions.
What role does Onchain Lens play in verifying this transaction?
Onchain Lens is a powerful blockchain data analysis tool, specializing in providing detailed reports on on-chain cryptocurrency trading activities. This platform has recorded and confirmed the large ETH repurchase by the attacker Radiant Capital at the specified value.
Using Onchain Lens ensures transparency and reliability of information, avoiding misinformation in the DeFi space. This platform is highly regarded by experts and investors for tracking cash flow and analyzing market behavior.
The action of repurchasing a large amount of ETH after asset seizure demonstrates the ability to quickly reallocate capital and the complexity of the strategies employed by cryptocurrency hackers.
Blockchain security expert Nguyen Van An, 2024
What are the potential impacts of this ETH repurchase transaction?
The repurchase of 4,487 ETH with a large value for reinvestment or to clean up cash flow could impact market liquidity and short-term ETH price volatility. This action also raises questions about anti-money laundering processes and risk management in the DeFi ecosystem.
At the same time, regulatory bodies and cryptocurrency security organizations need to enhance their ability to monitor large asset movements to protect the system from legal risks or financial crimes. This event continues to emphasize the role of on-chain data in enhancing the transparency of cryptocurrency market activities.
What lessons can be learned from this transaction for cryptocurrency investors?
Investors need to pay attention to large on-chain transactions to identify signs of unusual volatility, thereby developing appropriate risk management strategies. Timely information from platforms like Onchain Lens enhances understanding and protects investment portfolios.
Moreover, choosing stablecoins like DAI for large ETH transactions reflects the trend of using effective hedging instruments in the cryptocurrency market. Investors should update their on-chain data analysis skills to optimize investment effectiveness.
Frequently Asked Questions
When did the attacker Radiant Capital repurchase a large amount of ETH?
The repurchase of 4,487 ETH occurred on August 20, tracked and confirmed through Onchain Lens with high transparency.
What is the average price per ETH in the transaction?
The average repurchase price was recorded at about 4,154 USD/ETH, indicating a price that aligns with the market at the time of the transaction.
What is Onchain Lens and what role does it play?
Onchain Lens is a transaction data analysis tool on Blockchain, providing transparent reports and helping detect unusual behavior in cryptocurrency.
What currency was used for the transaction?
The attacker used 18.64 million DAI, a popular stablecoin, to ensure stability in the transaction.
What impact could a large ETH repurchase have on the market?
The amount of ETH repurchased could cause liquidity and price volatility of ETH, while also posing challenges for risk management and transparency in the cryptocurrency market.
Source: https://tintucbitcoin.com/hackers-radiant-capital-mua-4-487-eth/
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