BlockBeats news, on October 17, according to Onchain Lens monitoring, a hacker sold 9,240 ETH at a price of 3,775 USD each, obtaining 34.88 million DAI, which was then exchanged for sUSD, resulting in a loss of approximately 4.56 million USD within three days.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ETH 15-minute drop of 0.92%: Institutional selling and macro risk aversion converge to trigger selling pressure
2026-03-30 17:15 to 17:30 (UTC), within 15 minutes ETH’s return recorded -0.92%, the price range was 2032.21 to 2060.58 USDT, the amplitude was 1.38%, and short-term market volatility intensified, drawing widespread attention. Data from the funding side shows that during this period the market’s overall trading volume remained at a high level, with large on-chain capital flows leaving, and short-term selling pressure being concentrated and released.
The main driving force behind this unusual move comes from institutions actively reducing their holdings and a warming of macro risk-avoidance sentiment. During the reporting period, some large institutions began to adjust their portfolio structure, cutting ETH holdings significantly.
GateNews11m ago
BTC, ETH Bleed but XRP Shines as $414M Exit Sparks Market Anxiety: CoinShares
After five straight weeks of inflows, digital asset investment products turned negative during the previous one, with $414 million in outflows. Investors are becoming more cautious due to the Iran conflict and growing concerns around inflation, according to CoinShares. Expectations for the June
CryptoPotato43m ago
Ethereum Price Analysis: ETH Reclaims $2K but Bearish Momentum Still Persists
Ethereum is trading close to $2.1k to close out Q1 2026, and the picture remains largely unchanged from recent weeks. It’s a market that has lost more than half its value from the late-2025 highs and is struggling to build any conviction on the recovery. With macro headwinds persisting and
CryptoPotato51m ago
ETH Support Fails: Analyst Eyes Deeper Pullback Ahead
CrypticTrades warns Ethereum (ETH) may decline after breaking key support at $2.1K, targeting early-2025 lows for potential buying. The current market remains bearish, with no signs of recovery yet, as analysts watch the upcoming price action closely.
LiveBTCNews53m ago
Ethereum Foundation Backs 'Economic Zone' to Solve Fragmentation Issues
In brief
Gnosis and Zisk are developing an “economic zone” for Ethereum that’s aimed at creating alignment between layer-2 networks and mainnet.
The initiative is being supported by the Ethereum Foundation, indicating an interest in reshaping relationships within Ethereum’s ecosystem.
Decrypt58m ago
In the past 24 hours, total liquidations across the entire network reached $378 million, with long liquidations accounting for more than 60%.
In the past 24 hours, the total liquidation amount across the cryptocurrency market reached $378 million, involving $239 million in long positions and $139 million in short positions. The number of liquidated traders reached 92,269, with $150 million and $124 million liquidated for BTC and ETH respectively, and the largest single liquidation was $9.8018 million.
GateNews2h ago