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Ethereum Faces Massive 420,000 ETH Sell-Off Threat

Ethereum Faces Massive 420,000 ETH Sell-Off Threat


12h25 ▪
11
min read ▪ by
Evans S.

Summarize this article with:

Ethereum faces a threat after the Binance hack. North Korean hackers are said to hold more than 420,000 ETH, nearly one billion dollars at prices observed at the end of October. These funds could be resold on the crypto market while liquidity remains fragile. Binance has however replenished 95% of the affected assets, and several technical indicators hint at a possible rebound.

A massive reservoir holding 420,000 ETH threatens to collapse above worried traders.A massive reservoir holding 420,000 ETH threatens to collapse above worried traders.

In brief

  • Binance hackers controlled more than 420,000 ETH according to TRM Labs…

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