$ETH Here's what happened:

The hacker, who targeted *B......*, an exchange platform, *transferred* a *massive amount of Ethereum* to an *untraceable address*, and the worst part? They *burned* it! 🔥

💥 *What does burning ETH mean?*

Burning Ethereum means sending tokens to an *irreversible address* where they’re permanently locked, *removing them from circulation* forever. This can affect the overall *supply* of ETH and could potentially impact its *price* due to reduced supply. But at the same time, it’s a *huge loss* for anyone who owned it. 😟

Why It Matters:

This burn shows how *vulnerable exchanges* can be and how serious the *security risks* are in the crypto world. Even though it’s not directly related to the market as a whole, these kinds of incidents can *shake investor confidence*.