The anonymous hacker has just sold 5,001 ETH for a profit of $2.04 million just 4 days after buying it.
In early August, this hacker used $21.76 million DAI to buy ETH, then sold it for more than $23.8 million DAI, resulting in a profit of $2.04 million. The hacker's assets are still substantial, totaling over $46 million.
MAIN CONTENT
The hacker bought 5,001 ETH for $21.76 million DAI, equivalent to $4,352/ETH.
Four days later, all 5,001 ETH were sold for $23.8 million DAI, equivalent to $4,760/ETH.
The profit obtained is $2.04 million; the hacker's current assets amount to $46.13 million.
What strategy did the hacker use to buy and sell ETH for quick profits?
The hacker took advantage of ETH price fluctuations over 4 days to carry out profitable buying and selling transactions. Buying with $21.76 million DAI when the price of ETH was about $4,352 shows timely anticipation of the upward trend.
Selling all 5,001 ETH when the price rose to $4,760 helped the hacker realize approximately $23.8 million DAI, equivalent to a profit of $2.04 million. This is a typical example of quick trading, taking advantage of volatility with large capital.
What is the hacker's current asset situation after this transaction?
In addition to the profit from ETH trading, the hacker also holds $36.54 million DAI and $9.59 million SUSDS, with a total value of approximately $46.13 million. This figure indicates that the hacker possesses a large amount of cryptocurrency assets.
Holding a variety of stablecoins like DAI and SUSDS helps the hacker optimize flexibility in asset management, taking advantage of the stability of these currencies in a volatile market.
How important is on-chain tracking?
Ember's on-chain analysis helps detect and monitor unusual transactions, providing early warnings for notable movements in the cryptocurrency ecosystem. This is an important tool for enhancing transparency and protecting investors.
The use of on-chain data is highly valued by many experts for tracking cash flows, assessing risks, and controlling behaviors that could pose threats to the market.
Frequently Asked Questions
How long did it take for the hacker to profit from ETH trading?
The hacker bought and sold ETH with only a 4-day gap, earning approximately $2.04 million.
What assets is the hacker holding besides ETH?
The hacker holds approximately $36.54 million DAI and $9.59 million SUSDS, with a total value of over $46 million.
What role does on-chain analytics play in monitoring transactions?
On-chain analytics helps detect unusual transactions and increase transparency in the cryptocurrency market.
What is the difference between the hacker's buying and selling prices of ETH?
The buying price of ETH is $4,352/ETH, the selling price is $4,760/ETH, a difference that helps realize a profit of $2.04 million.
What benefits does holding stablecoin provide for the hacker?
Stablecoins help maintain stable asset value and flexibility in subsequent transactions.
Source: https://tintucbitcoin.com/tin-tac-ban-5-001-eth-loi-2-trieu/
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