Catastrophic Heist: $40 Million Vanishes as Crypto Plummets 25%
In recent financial news, a significant movement involving the digital currency ethereum (ETH) has caught the eye of many in the cryptosphere According to a recent report, amidst a dramatic downturn in ETH's value, a wallet associated with a notable cryptocurrency theft from two years ago has made a staggering transaction, converting $39 75 million worth of the stablecoin DAI into 16,892 ETH This move comes as ethereum, the world’s second-largest cryptocurrency by market capitalization, saw a precipitous drop of as much as 23% on Monday crypto Hacker Exploits ethereum Crash The hacker in question, linked to the 2022 heist targeting the cross-chain bridge protocol Nomad—which resulted in a loss of nearly $200 million in assorted cryptocurrencies—has seemingly capitalized on the reduced ETH prices to convert a portion of their ill-gotten gains...
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