Stolen Ethereum (ETH) Appears on Market: $32 Million Moved
After months of silence, the Drift Protocol hacker breaks dormancy to liquidate $32 million in stolen Ethereum.
AI summary
The Drift Protocol hacker has resumed activity after months of dormancy, moving $32 million in stolen Ethereum, likely to liquidate the holdings. The transfer of a large stolen ETH stash to market venues raises the prospect of fresh sell pressure on ETH and signals that the attacker is beginning to cash out. Traders will watch whether the funds hit exchanges, which could weigh on near-term ETH price action and revive concerns about protocol security.
