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Hacker-Linked Wallets Bleed $5.5M in ETH Trade During Market Turmoil

Hacker-Linked Wallets Bleed $5.5M in ETH Trade During Market Turmoil

Author:
Coindesk
Published:
2025-10-13 16:17:09
10
3

Strategy Bought $27M in Bitcoin at $123K Before Crypto Crash

Digital assets vanish faster than Wall Street promises as crypto wallets connected to recent hacks suffer massive losses.

The $5.5 Million Meltdown

Ethereum positions turned toxic during market volatility, wiping out millions from compromised addresses. These weren't your average retail investors—these wallets had direct ties to major security breaches from earlier this year.

Timing Is Everything (When You Don't Have It)

The ill-fated ETH trade executed precisely when liquidity dried up and spreads widened to canyon-like proportions. Perfect storm conditions for financial carnage.

Blockchain Doesn't Forget

Every transaction remains permanently etched on the ledger—a brutal honesty that traditional finance somehow manages to avoid with creative accounting.

Another day, another reminder that in crypto, the house always wins—unless the house gets hacked first.

|Square

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