Crypto: Ethereum Faces Massive 420,000 ETH Sell-Off Threat

Ethereum faces a threat after the Binance hack. North Korean hackers are said to hold more than 420,000 ETH, nearly one billion dollars at prices observed at the end of October. These funds could be resold on the crypto market while liquidity remains fragile. Binance has however replenished 95% of the affected assets, and several technical indicators hint at a possible rebound. The Binance hack continues to worry crypto investors. After the historic theft of several billion dollars on the crypto platform , investigators are now monitoring the assets that hackers might resell. The amount is significant: more than 420,000 ETH, plus 18,270 BTC. These cryptos together represented about 2.4 billion dollars during our analysis on October 30.

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