Ethereum-Based Scam Hits zkLend Hacker, Leading to $5.4M Loss

In a twist of fate, an Ethereum hacker who successfully exploited the zkLend platform for $9.57 million in February has reportedly fallen prey to a scam, losing a significant portion of their ill-gotten gains.

zkLend Hacker Loses $5.4M to Tornado Cash Scam

The hacker behind February’s $9.57 million exploit on zkLend has allegedly fallen victim to another scam. The suspected criminal claimed in an on-chain message that they lost 2,930 ETH, worth about $5.4 million, while trying to launder the stolen funds through Tornado Cash. zkLend confirmed the attacker had interacted with a known phishing website, tornadoeth[.]cash, and lost their entire balance. The scam site has been in operation for the last five years.

All 10,000 R0AR NFTs Minted on OpenSea as Crypto Airdrop Hype Grips Community

The Executive R0AR Society (ERS) NFT collection has sold out on OpenSea. The 10,000-piece Ethereum-based collection saw a surge in demand in the last few days due to the promise of crypto rewards, including future airdrops. Collectors rushed to add the colorful lions to their wallets. The ERS collection is expected to become a central pillar of the broader R0AR DeFi ecosystem, which will include its own multi-chain decentralized exchange and other tools.

Ethereum: Over 760k ETH Sold as Price Declines

Ethereum [ETH] has seen a significant 63.8% decline in large transactions since February 25, highlighting a steep drop in whale participation. Over the past two weeks, whales have sold over 760,000 ETH, contributing to rising selling pressure across the market. Additionally, a long-term Ethereum holder recently sold the remaining 2,001 ETH in their portfolio for $3.82 million, after initially accumulating 5,001 ETH at $277 back in 2017. These sales indicate that large holders are reducing their exposure, possibly in anticipation of further price declines or as part of a strategic shift away from Ethereum. On-chain metrics and rising exchange reserves also point to increasing selling pressure and fading demand for ETH.

What’s Next for ETH After 10% Weekly Decline? Ethereum Price Analysis

Ethereum is attempting a recovery after bouncing from the $1,800 zone, but the price remains trapped below key resistance, and the broader trend is still bearish. The daily chart shows ETH stabilizing around the $1,900 area following a sharp rejection from the $2,200 zone in late March. The asset remains well below the 200-day moving average around the $2,800 region, confirming bearish market structure. The most recent bounce has taken the price back into the $1,900 resistance zone, but buyers have yet to show strong follow-through. The RSI is rebounding from oversold levels, suggesting short-term relief, but uncertainty remains.